The US government plans to punish Indian outsourcing giant Infosys Ltd. with the largest immigration fine ever for seeking visas fraudulently for workers at big clients in America, the Wall Street Journal reported Tuesday.
Infosys is accused of putting workers on visitor visas rather than work visas. The former are much easier and cheaper to obtain than the latter. The fine is expected to be about $35 million, the paper said, quoting people close to the matter.
A probe by the Department of Homeland Security and the State Department concluded that Infosys used easy to get B1 visas, which are meant for short business visits, to bring an unknown number of its workers to the United States for long-term stays, the people were quoted as saying.
The fine will be announced Wednesday, the Journal said.
It said a company spokesman confirmed a resolution will be announced Wednesday and said Infosys had set aside $35 million to settle the case and cover legal costs.
With its alleged practice Infosys could undercut competitors in bids for programming, accounting and other work performed for clients, the Journal said.
Infosys clients have included Goldman Sachs Group, Wal-Mart Stores Inc. and Cisco Systems Inc.
Infosys is known as an outsourcing company that does India-based computing and other technology services for Western clients.
But it also features thousands of US based employees who develop and install software for accounting, logistics and supply-chain management in the retailing, finance and manufacturing sectors, the Journal said.
(c) 2013 Muscat Press and Publishing House SAOC Provided by Syndigate.info an Albawaba.com company
Original headline: US to slap fine on Indian outsourcing firm Infosys: report
Most Popular Stories
- SoCalGas Reaches Record Spend on Diversity Suppliers
- Republican Jolly Wins Fla. Special Election
- Senate Dems Pull All-Nighter on Global Warming
- Copper Plunges on China Jitters
- Obama Seeks Overtime Pay for Salaried Workers
- U.S. Stocks Sink for 3rd Day in a Row
- Vestas Ramps Up Hiring to Build Wind Turbines
- Justin Bieber Comes Between Taylor Swift and Selena Gomez
- World Wide Web Turns 25
- Dianne Feinstein Accuses CIA of Spying on Congress