IT services provider Cognizant Tech

IT services provider Cognizant Technology Solutions Corp said it was conducting an internal investigation into possible violations of the U.S. Foreign Corrupt Practices Act and other laws, sending its shares tumbling on Friday.

The company also said that President Gordon Coburn had resigned and would be replaced by Rajeev Mehta, the head of IT services.

Cognizant, which gave no reason for Coburn's departure, could not be reached immediately to comment on whether it was linked to the probe.

Cognizant's shares fell as much as 15 percent to $46.71 in early trading, their lowest in about two years after the company said it was investigating whether certain payments relating to its facilities in India were made improperly.

Cognizant is based in Teaneck, New Jersey but about three-quarters of its employees are in India.

Cognizant said it had notified the United States Department of Justice and the United States Securities and Exchange Commission about the probe

Results (English) 1:

It services provider Cognizant Technology Solutions Corp said it was conducting an internal investigation into possible violations of the U.S. Foreign Corrupt Practices Act and other laws, sending its shares tumbling on Friday.The company also said that President Gordon Coburn had resigned and would be replaced by Rajeev Mehta, the head of IT services.Cognizant, which gave no reason for departure, Coburn's, could not be reached immediately to comment on whether it was linked to the probe.Cognizant's shares fell as much as 15 percent to $ 46.71 in early trading, their lowest in about two years after the company said it was investigating whether certain payments relating to its facilities in India were made improperly.Cognizant is based in Teaneck, New Jersey, but about three-quarters of its employees are in India.Cognizant said it had notified the United States Department of Justice and the United States Securities and Exchange Commission about the probe

Results (English) 2:

IT services provider Cognizant Technology Solutions Corp said it was an internal tiến hành Investigation Into Possible violations of the US Foreign Corrupt Practices Act and other Laws, sending tumbling on Friday nó Shares.

The company cũng Gordon Coburn said có Had President resigned and would be thế by Rajeev Mehta, the head of IT services.

Cognizant, Which Gave no reason for Coburn's departure, could not be reached ngay to comment on nếu it was linked to the probe.

Cognizant's Shares Fell as much as 15 percent to $ 46.71 in early trading, chúng lowest in about two years after the company said it was Investigating Certain payments relating to ITS nếu facilities in India là made improperly.

Cognizant is based in Teaneck, New Jersey, but about three quarters of the ITS-employees are in India.

Cognizant said it Had Notified the United States Department of Justice and the Securities and Exchange Commission United States about the probe