Our agreement concludes the California Attorney General’s investigation into allegations related to the payment of state payroll taxes for some employees travelling on B-1 visas dating back to 2006, Infosys Company Secretary A.G.S. Manikantha said in a regulatory filing on the BSE.
The agreement will result in the case being dismissed with prejudice and was reached to avoid time, expense and distraction of protracted litigation on the charges against the city-based IT behemoth.
We dispute the allegations and we admit no wrong-doing in the case, asserted the $11-billion outsourcing firm.
The company also reiterated that it maintains robust policies and procedures to ensure adherence with all applicable regulations and laws.Read More