Ex-Cognizant execs accused of bribing Indian officials

Posted at 11:41 AM, Feb 15, 2019
and last updated 2019-02-15 11:41:11-05

WASHINGTON (AP) — The Justice Department alleges that two former executives for Cognizant Technology Solutions paid about $2 million in bribes to Indian officials to build a new office campus in the country.

Prosecutors said Friday that the information technology giant's former president, Gordon Coburn, and ex-chief legal officer, Steven Schwartz, were charged in a 12-count indictment unsealed in New Jersey.

They allege Coburn and Schwartz authorized the bribes and concealed it by having a third-party construction company make the payment. Prosecutors say Cognizant repaid the money through phony construction invoices.

The Justice Department said it declined to bring charges against Cognizant. In a related case, the company agreed to pay $25 million to settle charges with the Securities and Exchange Commission.

A Cognizant spokesman didn't immediately respond to an email seeking comment.