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KEY FCPA CASES WITH INDIA LINK
Business Standard
|March 12, 2025
US-based Cognizant Technology Solutions' Indian subsidiary paid ₹12 crore in bribes via a third party for a building permit.
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■ COGNIZANT: The third party received a commission for facilitating this payment. Upon discovering this through an internal audit in the US, Cognizant self-disclosed the issue to the SEC, which imposed ₹135 crore in disgorgement, ₹23 crore in interest, and ₹50 crore as a penalty. An FIR was filed in India against former Cognizant India employees and the third party for violating various Indian laws, including the Prevention of Corruption Act, 1988 and the Indian Penal Code, 1860
This story is from the March 12, 2025 edition of Business Standard.
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