Our Friends at SN7 Resources have been busy, and it seems your thoughts re corruption may be well grounded nomadic
📍#Centrelink_Privatisation_Watch
"Infosys completes proof of design, picks up $143m contract." Link: www.itnews.com.au/news/centrelinks-new-payments-engine-enters-build-phase-551423
Services Australia formerly Dept. Human Services is preparing to rip out and replace the government owned and run entitlements calculator engine and replace it with a wholly privatised engine supplied by an Indian based corporate sourced by limited tender.
"In the process, Infosys has also scored its first major contract with Services Australia under its deed of standing order worth $142.6 million.The new three-and-a-half year contract, which was published last week, complements Infosys’ $18.4 million contract for the proof of design work over the past seven months."
Issues of data protection, privacy and privatisations aside, it should concern everyone that over three hundred million in public spending is yet again going to one foreign corporate - a tidy package given the cost of revamping and keeping contracts at home and the system in government hands was never even investigated much less mitigated.
The entire Australian public - as this will impact everyone who has a medicare card not just those receive centrelink payments - is just left to hope that in their rush to 'simplify' aka privatise yet another arm of once accountable government systems, that peoples lives wont end up in the toilet as they have their other algorithm based brain farts. We are *sure* ( sigh) that the LNP have done their due diligence and checked this company out and have a plan in place for if it goes belly up or fails.....right? Right?
A reminder that it is LAW, that corporations place their shareholders first.
A reminder neither Indue or INfosys is required to appear before senate estimates.
A reminder the LNP are in the process of attacking and attempting to legislate away whistleblower protections right now. ( see links below as to why that matters more than you might think)
SN7
---------------------------------------
📌Some insight into InfoSys:Accusation of visa fraud in the USAIn 2011, Infosys was accused of committing visa fraud by using B-1 (visitor) visas for work requiring H-1B (work) visas. The allegations were initially made by an American employee of Infosys in an internal complaint. He subsequently sued the company, claiming that he was harassed and sidelined after speaking out. Although that case was dismissed,[77] it along with another similar case,[78][79][80] brought the allegations to the notice of the US authorities – and the U.S. Department of Homeland Security and a federal grand jury started investigating.[81]
In October 2013, Infosys agreed to settle the civil suit with US authorities by paying US$34 million.[82] Infosys refused to admit guilt and stressed that it only agreed to pay the fine to avoid the nuisance of 'prolonged litigation'.[83] In its statement the company said "As reflected in the settlement, Infosys denies and disputes any claims of systemic visa fraud, misuse of visas for competitive advantage, or immigration abuse. Those claims are assertions that remain unproven".[84]
And that's just the wiki....there's more:
-
Violation Tracker Parent Company Summary INFOSYS violationtracker.goodjobsfirst.org/parent/infosys-limited"Trouble at Infosys: What we know so far" Whistle-blowers have accused CEO Salil Parekh of instigating employees to inflate profits, mis-represent the lucrativeness of deals, even of abusing travel privileges. In a memo reproduced in newspapers, Parekh’s accusers offered emails and recordings to back up their claims.
economictimes.indiatimes.com/tech/ites/infosys-is-staring-at-a-vishal-problem/in-an-uncomfortable-position/slideshow/71736098.cmsInfosys Tax Fraud USA: "The misclassification resulted in Infosys avoiding California payroll taxes such as the unemployment insurance, disability insurance, and employment training taxes."
economictimes.indiatimes.com/tech/ites/infosys-to-pay-california-800000-over-foreign-workers-visas-tax-fraud/articleshow/72862074.cmsThree Infosys employees arrested in I-T returns fraud case "Three employees of Infosys Ltd., who have been accused of accessing personal information and hastening the income tax refund process, have been terminated on the charge of violating company policies. The three employees illegally contacted the income tax assesses and hastened the refund process for a gain."
www.thehindu.com/news/cities/bangalore/three-infosys-employees-arrested-in-i-t-returns-fraud-case/article31018428.eceInfosys, whistleblowers and an issue that refuses to die : "MUMBAI : For the third time in six years, a cloud of questionable internal practices hangs heavy over Infosys Ltd, once seen as the paragon of corporate virtue in India. And yet again, it’s an internal whistleblower who has set off a chain reaction. "In the latest instance, an anonymous group called ‘Ethical Employees’ has complained to the Infosys board and the US Securities and Exchange Commission (SEC), alleging accounting jugglery to boost short-term revenue and profits. The veracity of the complaint itself notwithstanding, the issue points to the company’s struggle with whistleblowers and corporate governance standards."In August 2017, Vishal Sikka who had taken over the reins at Infosys in 2014 replacing then CEO S.D. Shibulal, one of Infosys’s founders, had to exit after a whistleblower complaint pointed to alleged malpractices by the top management related to Infosys’s acquisition of Panaya, an Israeli software company."
www.livemint.com/companies/news/infosys-whistleblowers-and-an-issue-that-refuses-to-die-11571852600232.html"Infosys untouchable, ‘not even God’ will find evidence of fraud' - whistleblowers accuse the company of sweeping $50M under the rug.
www.businessinsider.in/business/corporates/news/infosys-untouchable-not-even-god-will-find-evidence-of-fraud/articleshow/71949075.cms?utm_source=contentofinterest&utm_medium=text&utm_campaign=cppst"
"Infosys is in more trouble as a class action lawsuits gather steam in the US: "Infosys lost $4 billion in share value due to $50 million whistleblower complaint.
Two US law firms are inviting Infosys investors and stakeholders to discuss their legal rights.
Rosen Law Firm, which fights for global investor rights, announced that it is investigating potential securities claims on behalf of the investors.
After allegations of Infosys’ ‘unethical’ practices came to light, the company’s share price fell sharply. The US law firm is reportedly working on filing a class action lawsuit against the Indian tech giant to recover the losses that occurred.
And, the Rosen Law Firm is not alone. Faruqi and Faruqi LLP, another US based law firm, is also investigating potential claims against Infosys. It has invited investors who suffered a loss greater than $150,000 to come forward and discuss their legal rights at no cost.
According to the complaints filed by the whistleblower with the Infosys’ Board and the US Securities and Exchange Commission, Infosys executives broke accounting laws to boost short-term revenue and profits. Salil Parekh, the CEO of the company, overlooked standard review of deals and contracts in order to show larger margins and skirt scrutiny."
www.businessinsider.in/business/corporates/news/infosys-is-in-more-trouble-as-a-class-action-lawsuits-gather-steam-in-the-us/articleshow/71705319.cms Income Tax Department Unearths Tax Refund Fraud by IBM, Infosys EmployeesNew Delhi: The Income Tax Department on Thursday (January 25) claimed to have busted a racket of extracting fraudulent tax refunds by employees of bellwether companies like IBM, Vodafone and Infosys in alleged connivance with a chartered accountant (CA) in Bengaluru, the IT capital of the country.
thewire.in/business/income-tax-department-unearths-tax-refund-fraud-ibm-infosys-employeesInfosys denies former head of diversity recruitment's accusations of racial bias and visa fraud
Infosys has rejected the premise of a lawsuit brought by Davina Linguist, the former head of its diversity program recruiting manager program, who alleges the company prefers to hire South Asians and conducted visa fraud to replace US workers. ... The filing also alleges that “Infosys has gone to great lengths to obtain its primarily South Asian work force in the United States, including by engaging in visa fraud to bring South Asians (primarily Indians) into this country to replace or supplant non-South Asians and non-Indians.” The filing also mentions “bulk rejection of about 12,000 U.S. applicants for positions in favor of South Asian visa holding applicants”.
www.theregister.com/2020/06/15/infosys_lawsuit/Indian corporation pays record $34 million fine to settle allegations of systemic visa fraud and abuse of immigration processes
PLANO, Texas – Infosys Limited, an Indian company involved in consulting, technology and outsourcing, has agreed to a record $34 million civil settlement based on allegations of systemic visa fraud and abuse of immigration processes, and also agreed to enhanced corporate compliance measures. The $34 million payment made by Infosys as a result of these allegations represents the largest payment ever levied in an immigration case.
www.ice.gov/news/releases/indian-corporation-pays-record-34-million-fine-settle-allegations-systemic-visa-fraudThe list goes on...and on....and on.
From the link, at the bottom of the above in the comments; there is also a bunch of documents and a further "On Point Comment", I think is worth the read.
m.facebook.com/groups/2769719849941145?view=permalink&id=2931230693790059---
