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7 months ago
BRIEF-Wipro reaches agreement with U.S.SEC on case regarding embezzlement of funds
December 23, 2016 / 3:17 AM / 7 months ago

BRIEF-Wipro reaches agreement with U.S.SEC on case regarding embezzlement of funds

1 Min Read

Dec 23 (Reuters) - Wipro Ltd

* Says announces agreement with Securities And Exchange Commission

* Says agreement with U.S. SEC to formally resolve previously disclosed 6 year old investigation

* Says consents to pay a civil money penalty of $5 million

* Says neither admits or denies SEC's allegations that the co violated certain provisions

* Says sec credited co's cooperation, remedial measures in arriving at the settlement Source text: bit.ly/2heJ3BS Further company coverage:

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