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Cognizant Incurs $27 Million Cost In Corruption Probe

Cognizant Incurs $27 Million Cost In Corruption Probe

Thursday, March 2, 2017, 6:45 PM

IT major Cognizant said that last year it incurred $27 million in costs related to the investigation into "improper payments" in India and related lawsuits. Cognizant also said it expects to continue to incur expenses related to these matters in 2017. The investigation is being conducted under the oversight of the Audit Committee, they identified a total of approximately $6 million in potentially improper payments
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