Infosys on Tuesday said that it is close to resolving its ongoing visa-related case with the US authorities. According to a statement made by the Office of US Attorney John M. Bales for the Eastern District of Texas, the State Department would announce the settlement of systemic visa fraud and immigration abuse allegations. The settlement, to be announced on Wednesday, could include a fine of $35 million on Infosys.
“Such visa fraud issues will surely affect its business there,” said Sanchit Vir Gogia, Chief Analyst, Greyhound Research.
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