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Infosys agrees to pay $34 mn to settle visa row with US Government

By Religare
Infosys agrees to pay $34 mn to settle visa row with US Govt
India's second largest software exporter Infosys Ltd on Wednesday said it has agreed to pay USD 34 million to resolve all the allegations against it by the US Attorney's Office for the Eastern District of Texas relating to I-9 paperwork errors and visa matters.

"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 US visa programs as a result of the settlement," said Infosys in a filing to the BSE.

The company said it had already taken a reserve of USD 35 million which included attorney's fees and the settlement removes the uncertainty of prolonged litigation, allowing it continue to focus on delivering measurable results for clients.

US lawmakers had alleged that Infosys was illegally using cheaper and easy-to-get B-1 visa-holders to perform jobs that required legitimate H-1B visa-holders or US citizens "for the purposes of increasing profits, minimising costs.

Read more about: infosys
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