Cognizant settles its Tamil Nadu bribery charges

According to a recent filing, Cognizant has agreed to pay USD 25 million to settle charges that it violated the Foreign Corrupt Practices Act (FCPA). The filing was posted in the Security and Exchange Commission (SEC).

The complaint was lodged in 2014 that, a senior Tamil Nadu official demanded a USD 2 million bribe from the construction firm responsible for building Cognizant’s 2.7 million square foot campus in Chennai at OMR.

Cognizant paid over USD 2 million to the construction company disguised as payment for cost overruns on the office campus when they knew that the actual purpose of the payment was to reimburse the construction company for the bribe payment.

Leave a Reply