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

Employees of Indian software company Infosys walk past Infosys logos at their campus in the Electronic City area in Bangalore September 4, 2
Employees of Indian software company Infosys walk past Infosys logos at their campus in the Electronic City area in Bangalore September 4, 2

BANGALORE (Reuters) - Indian IT firm Infosys Ltd said on Tuesday it was in the process of reaching a settlement with the U.S. government over the company's alleged misuse of temporary business visas.

U.S. authorities have been investigating India's second-largest information technology services exporter since 2011.

The Wall Street Journal had earlier said that the United States was expected to announce a resolution in the case on Wednesday. In a statement, Infosys said a resolution had yet to be finalized.

"In response to reports attributed to Justice Department officials, Infosys is in the process of completing a civil resolution with the government regarding its investigation of visa 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 of visas to bring in employees, mainly from India, a practice that has 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 reserve of $35 million as it worked towards a resolution for the U.S. government's investigation.

(Reporting By Harichandan Arakali; Editing by Miral Fahmy)

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