Cognizant patches up its earlier FCPA matter with U.S. authorities

Cognizant patches up its earlier FCPA matter with U.S. authorities: Cognizant has announced the resolution of the previously disclosed investigations by the U.S. Department of Justice (“DOJ”) and the U.S. Securities and Exchange Commission (“SEC”) into whether payments relating to permits and licenses for certain real-estate facilities in India violated the U.S. Foreign Corrupt Practices Act (“FCPA”) and other applicable laws. This resolves all of the DOJ and SEC investigations into the company concerning this matter.

VARINDIA- INDIA'S FRONTLINE IT MAGAZINE

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