SShortSingh.
Back to feed

US visa fraud allegations target Indian IT giants Infosys, TCS, Wipro

0
·1 views

Three major Indian IT firms—Infosys, Tata Consultancy Services, and Wipro—face allegations of a large-scale visa fraud scheme in the United States. A lawsuit filed in California claims the companies used a fraudulent visa process to bring in lower-cost foreign workers, bypassing rules requiring them to hire American professionals. The plaintiffs allege the scheme caused over $22 billion in damages. The companies, which are key players in the global technology services sector, have yet to formally respond to the allegations.

Read the full story at Economic Times

This is an AI-generated summary. ShortSingh links to the original source for the complete article.

Discussion (0)

Log in to join the discussion and vote.

Log in

Related stories

0
BusinessEconomic Times ·

U.S. Tightens Rules for H-1B Visas to Combat Exploitative Contracts

The U.S. Department of Labor has issued new guidance for H-1B visa applications. This guidance clarifies that employers cannot bind foreign workers with exploitative financial terms. Specifically, the rules target contracts where employees are forced to pay penalties for early departure. The move aims to prevent situations deemed analogous to 'indentured servitude' within the legal guest worker program.

0
BusinessEconomic Times ·

Report Projects 25% Rise in Bank Profits for Q2FY27

A report by CRISIL forecasts that bank profits in India will increase by approximately 25% year-on-year in the second quarter of FY27. This projected growth is attributed to a significant reduction in bad loan provisions. Banks are also expected to benefit from stable credit costs and a consistent growth in net interest income. The analysis cites improved asset quality and healthy loan growth as key drivers for the stronger profitability.

0
BusinessEconomic Times ·

Congress Leaders Scuffle During Protest Outside Election Commission

A protest organized by the Congress party outside the Election Commission of India in New Delhi turned physical. Senior party leaders were seen slapping and pushing each other during the demonstration on Thursday. The protest was held to raise concerns about alleged electoral bond data discrepancies. The incident was captured on video and has drawn significant public attention.

US visa fraud allegations target Indian IT giants Infosys, TCS, Wipro · ShortSingh