India's Infosys settles US visa probe for $34 mn
The company logo for Infosys is pictured on April 16, 2013
The group has been probed by the Department of Homeland Security and the State Department over accusations it put workers on short-term business visitor visas, which are much easier and cheaper to obtain than the correct work visas.
This would mean Infosys could undercut competitors in bids for programming, accounting and other work performed for clients, the Wall Street Journal reported on Tuesday.
Infosys said the settlement "removed the uncertainty of prolonged litigation" but it denied any claims of "systemic visa fraud, misuse of visas for competitive advantage, or immigration abuse".
Infosys said it has already put aside a reserve of $35 million including legal fees.
The company said the settlement "resolves all issues with the US Department of State, Immigrations and Customs Enforcement and the US Department of Homeland Security relating to I-9 paperwork errors and visa matters that were the subject of the investigation".
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