February 15, 2019

Cognizant Technology Solutions Corporation will pay $25 million to settle charges that it violated the Foreign Corrupt Practices Act (FCPA) in paying a $3.6 million in bribes to government officials in India in connection with construction of facilities for Cognizant in Chennai.  Cognizant’s president, Gordon Coburn, and chief legal officer, Steven E. Schwartz, have been charged by the SEC for authorizing payment and concealment of the bribe.  SEC

Tagged in: FCPA,