Infosys To Pay $800,000 Over Worker Misclassification, Tax Fraud Charges
Thursday, December 19, 2019, 8:08 AM
Infosys, India's top IT major, has agreed to pay $800,000 to settle allegations of misclassification of foreign workers and tax fraud, officials announced Tuesday. Infosys will pay California $800,000 (nearly Rs 5.6 crore) to resolve allegations that between 2006 and 2017, approximately 500 Infosys employees were working in the State on Infosys-sponsored B-1 visas rather than H-1B visas, California Attorney General Xavier Becerra said.
Infosys to pay California 5.7cr over foreign workers' visas, tax fraud
Wednesday, December 18, 2019, 5:27 PM
Infosys has agreed to pay $800,000 (Rs.5.7 crore) to California to settle claims of misclassification of foreign workers and tax fraud. Infosys allegedly brought in workers using wrong visas to underpay them and avoid paying state taxes. About 500 employees were working in California on company-sponsored B-1 visas rather than H-1B visas between 2006 and 2017, the US state said.
No perceivable inconsistency in Infosys data points: ICICI Securities
Wednesday, October 30, 2019, 7:48 PM
A Mumbai-based brokerage firm said there is "no perceivable inconsistency" in key data points shared by Infosys as alleged by anonymous whistleblowers in a recent letter. This report comes at a time when the USSEC has initiated an investigation. According to the report, "net-new" deals are an important data point to consider, the importance of retaining renewals cannot be underestimated.