Infosys says in process of resolving U.S. visa investigation

Reuters

BANGALORE, Oct 29 (Reuters) - Indian IT firm Infosys Ltd said on Tuesday it was in the process of reaching asettlement with the U.S. government over the company's allegedmisuse of temporary business visas.

U.S. authorities have been investigating India'ssecond-largest information technology services exporter since2011.

The Wall Street Journal had earlier said that the UnitedStates was expected to announce a resolution in the case onWednesday. In a statement, Infosys said a resolution had yet tobe finalised.

"In response to reports attributed to Justice Departmentofficials, Infosys is in the process of completing a civilresolution with the government regarding its investigation ofvisa issues and I-9 documentation errors," the company said.

"The resolution has not been finalized," it added.

Indian IT outsourcing firms like Infosys use thousands ofvisas to bring in employees, mainly from India, a practice thathas come under intense scrutiny as it is seen by some U.S.policymakers as hurting the American job market.

Earlier this month, Infosys said it had set aside a reserveof $35 million as it worked towards a resolution for the U.S.government's investigation.

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