US launches investigation into H-1B visa fraud involving Cognizant
The US has begun a probe into H-1B and PERM visa fraud, with Cognizant among the firms scrutinized. The Department of Labour is taking aggressive measures, issuing numerous subpoenas to investigate fraudulent practices affecting foreign workers.
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The US has initiated an investigation into alleged fraud related to H-1B and PERM visas, targeting several companies, including Cognizant. The Department of Labour's Office of the Inspector General has issued numerous subpoenas to address schemes involving fraudulent applications and exploitation of foreign workers. This crackdown may impact the operations of affected firms in the tech sector.
• Aggressive action against foreign labour fraud
• Subpoenas issued to multiple companies
• Potential market implications for IT firms
Not investment advice. For informational purposes only.