Tagged: Construction Permit Bribe

Cooperating Cognizant COO Pays $50K to Settle SEC FCPA Action

In an interesting SEC FCPA settlement action, Sridhar Thiruvengadam, the former COO of Cognizant Technology, agreed to pay a $50K penalty for his role in the bribery scheme involving the payment of $2 million to a government official in India in exchange for the issuance of a planning permit needed for the construction of Cognizant’s new office location in Chennai, India.  Early this year, Cognizant...