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Cognizant to pay $25M to settle civil case related to former executives' bribery scheme

February 19, 2019 / Heather Landi

Cognizant Technology Solutions Corporation will pay $25 million to settle federal civil charges related to improper payments to obtain permits and building licenses in India carried out by two former top executives five years ago. Those two former executives were indicted by a federal grand jury in Newark, New Jersey, on Friday for their role in the alleged bribery scheme, according to an announcement by the U.S. Department of Justice and the U.S. Attorney's Office for the District of New Jersey. Gordon Coburn, the former company president, and Steven Schwartz, the former chief legal officer, were indicted on criminal charges (PDF) of violating and conspiring to violate the Foreign Corrupt Practices Act’s (FCPA) anti-bribery and accounting provisions. The charges stem from an alleged scheme to bribe government officials in India to secure a construction permit necessary to complete the development of an office campus that would become one of Cognizant’s largest faciliti...