Cognizant finds ‘improper payments’ worth $5 mn in India
IT consulting firm Cognizant on Monday said that an internal probe had found $5 million (around ₹33.35 crore) in payments relating to facilities in India that may have been improper. Further, Cognizant said certain senior management members had been aware of the payments. In this regard, the firm acknowledged that starting January, it did “not maintain an effective control environment".