New Delhi: Days after Major IT company Cognizant agreed to settled the case of bribing Tamil Nadu government officials by agreeing to pay about $28 million (about Rs 200 crore) to the US Department of Justice (DOJ) after a case was filed by DOJ against two former executives, it has been reported that Larsen & Toubro Ltd (L&T) facilitated the payment of $3.64 million in bribes to Indian government officials on behalf of Cognizant.
Larsen & Toubro Ltd (L&T), one of the largest Indian multi-national firms, has according to a livemint report was used to route bribes through L&T to government officials in Maharashtra, Tamil Nadu.
The report said that though the US Securities and Exchange Commission (SEC) did not name L&T in the complaint that was shared in public, person on condition of anonymity said, the company made illicit payments and Cognizant reimbursed the money by disguising it as compensation for cost overruns.
Earlier, a Directorate of Vigilance & Anti-Corruption(DVAC) was quoted as saying, “Even a press report is enough for us to look into the matter. In the Cognizant case, we will have to see the US court order. We will also have to get the government permission to proceed further into the issue,”, by news agency IANS.
In a statement Cognizant had said that it has agreed to settle the case of bribing Tamil Nadu government officials by agreeing to pay about $28 million (about Rs 200 crore) to the US Department of Justice (DOJ) and US Securities Exchange Commission (SEC).