Cognizant Resolves SEC and DOJ Investigations into FCPA Violations
1 report, 1 independent
Updated 16:55
AI-generated briefing. Brind wrote this from the reports listed below. It can be wrong. Each section says how much you can rely on it, and the sources are linked so you can check.
What happened
Cognizant resolved investigations by the U.S. Department of Justice and the U.S. Securities and Exchange Commission concerning potential Foreign Corrupt Practices Act violations. The investigations related to payments made for permits and licenses for real estate facilities in India. Cognizant settled with the SEC by consenting to an administrative order.
From equitybulls.com
Why it matters
The resolution confirms that Cognizant faced regulatory scrutiny over its compliance practices in India. Francisco D'Souza, Vice Chairman and CEO of Cognizant, stated that the matter did not involve clients or affect the company's ability to provide services.
From equitybulls.com