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L&T to seek expert opinion to review Cognizant bribery case probe

L&T said its management presented all details of its construction contracts with Cognizant as well as details regarding the ongoing proceedings before the US Department of Justice

Larsen & Toubro

Engineering major Larsen & Toubro (L&T) on Friday said it would take an external expert’s assistance to review the investigation details pertaining to the alleged bribing by IT major Cognizant to government officials in India. It  was alleged that L&T was also involved in the case. Recently, Cognizant had stated it paid around $28 million to the US Department of Justice to settle dues after it violated the Foreign Corrupt Practices Act (FCPA). Two of its former executives allegedly authorised to bribe government officials in India to expedite approvals for real estate ...