Infosys agrees to pay $34 million to settle US visa case
Infosys Ltd, India’s second largest software exporter, has agreed to pay $34 million (around Rs.210 crore) to settle the US government’s claim that it violated the country’s visa laws—making it the largest immigration fine ever imposed on an offshore firm, Mint reported. On Tuesday, the Wall Street Journal had reported that Infosys would be fined $35 million in this case.
The US government had accused Infosys of “knowingly and unlawfully” using short-terms visas—or B-1 visas—to fill positions that required long-term or H1B visa holders, to gain a competitive advantage. H1B visas currently cost up to $4,300 each, while B-1 visas cost $200.
While this ruling might not affect Infosys in terms of future additional visa-related costs, experts say the settlement could direct more focus on the US’ proposed immigration law and the use of work visas, directly affecting Indian technology companies, Mint report added.
Read the complete report here