U.S. Indicts Former President and Former Chief Legal Officer of High-Tech Firm for Alleged Corrupt Activities in India

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Friday, March 1, 2019
Author: 
Bruce Zagaris
Volume: 
35
Issue: 
3
Abstract: 

On  February 15, 2019, a grand jury in New Jersey returned an indictment against the former president and the former chief legal officer of Cognizant Technology Solutions Corporation, a publicly trade Fortune 200 technology services company based in Teaneck, New Jersey, in connection with an alleged foreign bribery scheme. The 12-count indictment charges Gordon Coburn, 55, of Beaver Creek, Colorado, and Steven Schwartz, 51, of Greenwich, Connecticut with one count of conspiracy to violate the Foreign Corrupt Practices Act (FCPA), three counts of violating the FCPA, seven counts of falsifying books and records, and one count of circumventing and failing to implement internal accounting controls. The charges arise out of an alleged scheme to bribe one or more government officials in India to secure a construction permit required to complete the development of an office campus.