India

Cognizant Faces Two More Class Action Lawsuits in US

An earlier lawsuit filed by Rosen Law Firm alleged that Cognizant lacked effective internal controls over financial reporting, and that as a result of the improper payments related to 12 facilities made in India, the company’s statements about its business, operations and prospects were materially false and misleading and lacked a reasonable basis. When the true details entered the market, the …


Gospel for Asia Charity Facing Allegations of Fraud Totalling Nearly $94 Million

A Canadian missionary organization based in Hamilton is facing allegations that nearly $94 million in charitable donations purportedly sent to India in the past eight years can’t be properly accounted for by either the Indian or Canadian governments. Gospel for Asia Canada’s filings with the Canada Revenue Agency (CRA) show $93.5 million was transferred to India between 2007 and 2014, but …