Ex-Cognizant COO Cooperating With SEC In Indian Bribe Case

Law360 (September 13, 2019, 8:10 PM EDT) -- The U.S. Securities and Exchange Commission said Friday that the former chief operating officer of Cognizant Technology Solutions Corp. will pay a $50,000 fine and cooperate with the agency in its suit over an alleged Indian bribery scheme.

Without admitting or denying the SEC’s allegations, Sridhar Thiruvengadam reached a settlement with the agency after being accused of taking part in a scheme in which Cognizant, an information technology and consulting services corporation with more than half its workforce in India, allegedly bribed an Indian official $2 million for permission to move forward with a construction project.

The agency claims Thiruvengadam helped...

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