Bengaluru: Global software major Infosys
on Wednesday said it had reached a settlement with the California
Attorney General on charges related to B-1 visas to its techies.
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.
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.
company also reiterated that it maintains robust policies and
procedures to ensure adherence with all applicable regulations and laws.