Why compete in the market fair and square when you can just cheat instead, right?
Infosys Under Investigation For Visa Fraud
Last week, a host of India computer consulting firms convinced the government to consider taking the U.S to the World Trade Organization for the added fines associated with H1-B visas that allow for them to bring Indian labor to the U.S. On Thursday morning, CBS This Morning’s senior correspondent John Miller added a dash of spice to that story, one that will have Infosys (INFY) fighting an image that it uses the foreign business visa program to depress wages.
See: Infosys’ Illegal Labor Allegations–CBS News
Infosys is one of India’s biggest IT firms, along with Tata Consultancy Services and Wipro. The U.S. is a major market for them. Late last year, Tata Consultancy’s local president Surya Kant said in a Forbes interview that the company was struggling to hire computer engineers. American engineers lacked some of the necessary experience. While Kant did not say TCS was bringing in foreigners to fill in the gaps, Infosys and other major computer companies, including Microsoft, are bringing in workers from India to do what they say American engineers cannot.
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