The NY Times (April 23, 2012)AM
Problems With ‘Significant Percentage’ of U.S. Visa Documents, Infosys
Says
By THE NEW YORK TIMES
Infosys executives have been advised that the United States Department
of Homeland Security “has found errors in a significant percentage” of
the company’s business visa documents, Infosys said in an April 18
filing with the Securities and Exchange Commission. The company and
some of its employees are “targets of an investigation” by the United
States Attorney’s Office for the Eastern District of Texas, the filing
said. The New York Times first wrote about the investigation last June.
Here’s more information from Infosys’s regulatory filing:
On May 23, 2011, we received a subpoena from a grand jury in the United
States District Court for the Eastern District of Texas. The subpoena
requires that we provide to the grand jury certain documents and
records related to our sponsorships for, and uses of, B1 business
visas. We are complying with the subpoena. In connection with the
subpoena, during a recent meeting with the United States Attorney’s
Office for the Eastern District of Texas, we were advised that we and
certain of our employees are targets of the investigation. We intend to
have further discussions with the U.S. Attorney’s Office regarding this
matter, however, we cannot predict the final outcome of the
investigation by, or discussions with, the U.S. Attorney’s Office.
In addition, the U.S. Department of Homeland Security (“DHS” or the
“Department”) is undertaking a review of our employer eligibility
verifications on Form I-9 with respect to our employees working in the
United States. In connection with this review, we have been advised
that the DHS has found errors in a significant percentage of our Forms
I-9 that the Department has reviewed. In the event that the DHS
ultimately concludes that our Forms I-9 contained errors, the
Department would likely impose fines and penalties on us. At this time,
we cannot predict the final outcome of the review by, or the
discussions with, the DHS or other governmental authority regarding the
review of our Forms I-9.
In light of the fact that, among other things, the foregoing
investigation and review are ongoing and we remain in discussions with
the U.S. Attorney’s Office regarding these matters, we are unable to
make an estimate of the amount or range of loss that we could incur
from unfavorable outcomes in such matters.
In the event that any government undertakes any actions which limit any
visa program that we utilize, or imposes sanctions, fines or penalties
on us or our employees, this could materially and adversely affect our
business and results of operations
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