Sept 30 IT services provider Cognizant
Technology Solutions Corp said on Friday it was
conducting an internal investigation into possible violations of
the U.S. Foreign Corrupt Practices Act and other laws.
Cognizant shares fell as much as 12.3 percent to $48.25 in
early trading, their lowest in two years.
The company said it was investigating whether certain
payments relating to facilities in India were made improperly.
The investigation is in its early stages, it said.
Cognizant said it had notified the United States Department
of Justice and the United States Securities and Exchange
Commission about the probe. (bit.ly/2dcrYGi)
(Reporting by Anya George Tharakan in Bengaluru; Editing by Ted