US Charges Two Top Cognizant Executives For Bribery, Fines The Firm

On Friday, US authorities issued criminal charges against two top executives of Cognizant Technology Solutions Corp for operating bribery scheme in India. The tech firms also faced an independent fine of $25 million to settle the civil lawsuit against them. Cognizant is facing 12-count of indictments with violation of the Federal Foreign Corrupt Practices Act.

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