Cognizant Allegations Could Reach Satyam Proportions, say Analysts

David Rutchik comments on the Cognizant corruption probe and addresses potential what-if scenarios. “This appears to be a straightforward FCPA issue, where someone or some group within Cognizant may have provided some sort of pay off or kick-back in order to obtain or retain business.” David added, “In all of [Pace Harmon’s] dealings with [Cognizant], they’ve maintained a solid reputation in the industry. We sincerely hope, if there is any wrongdoing, that it is determined to be isolated to a small number of bad actors acting individually, and not with the direct or tacit approval of Cognizant management.”

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