New Delhi, Oct 30 IBNS | 9 months ago

India's second largest IT services exporter Infosys on Friday said it has agreed to settle a case with American authorities regarding its use of visas in the United States for USD 34 million.


"There were no criminal charges or court rulings against the company. Furthermore, there are no limitations on the company's eligibility for federal contracts or access to U.S. visa programs as a result of the settlement," Infosys said in a statement.

"As reflected in the settlement, Infosys denies and disputes any claims of systemic visa fraud, misuse of visas for competitive advantage, or immigration abuse. Those claims are untrue and are assertions that remain unproven," it said.

Bangalore-based Infosys had earlier set aside a reserve of USD 35 million as it worked towards a resolution for the U.S. government's investigation that had started in 2011.

(Posted on 30-10-2013)