Infosys ran 'unlawful' visa scheme, U.S. alleges in settlement

[OhioChick]

Infosys to pay $34M in settlement, but disputes all claims

October 30, 2013 02:43 PM ET

In a settlement announced today, the U.S. government alleges that offshore outsourcing giant Infosys violated visa laws to increase its profits, reduce visa expenses and avoid tax liabilities.

But the allegations, and the evidence the government says it has to back them up, will remain just that -- allegations. Instead of pursuing a court case, the U.S. will accept a $34 million settlement payment from Infosys.

That's how the government typically handles visa violation claims, but in this instance, the government said it is the largest settlement ever reached.

Infosys denies any wrongdoing in the agreement, which is signed by both parties.

This settlement figure represents a fraction of the $6.99 billion in 2012 revenue generated by the Bangalore, India-based IT service provider.

More: http://www.computerworld.com/s/article/9243672/Infosys_ran_unlawful_visa_scheme_U.S._alleges_in_settlement

[msongs]

1. no jail time? so the fine is just written off as a cost of doing illegal business nt

[Myrina]

2. Jail where? They're based in India ....

[antigop]

3. I am so sick of this. nt

[Pterodactyl]

4. Illegal immigrants workers taking American jobs? Yikes!