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Infosys’ Saudi JV Partner files Lawsuit against it in US Court

 Infosys’ joint venture partner in Saudi Arabia has filed a lawsuit in a California court alleging that the Bengaluru-based IT services provider violated US law on corruption.


In the lawsuit filed in the District Court of California on December 21 — reviewed by ET -- Saudi Prerogative Company (SPC) said Infosys NSE 0.72 % had violated the Racketeer Influenced and Corrupt Organizations Act (RICO). SPC has interests spanning IT, communications, defence and homeland security, construction and transportation in the West Asian nation.


SPC alleged that Infosys falsely claimed that it was not making money from certain contracts and requested it to reduce its 8% commission by at least half or waive it off completely, which led to financial losses. The Saudi firm, however, said it discovered later that the IT services provider had made substantial money on the same contracts.


Infosys confirmed to ET that a lawsuit had been filed and said it would defend itself vigorously against the allegations.


“While we cannot comment on the specifics of any ongoing litigation, we confirm that the company maintains strong policies and procedures reflecting its commitment to the highest level of compliance, integrity, and ethical business practices in all jurisdictions in which it operates,” the company said in a statement.


SPC told ET in a statement that it would vigorously litigate this matter.


“For years, Infosys attempted to exploit SPC's stellar reputation and standing in the Kingdom by demanding that SPC engage in unethical conduct, including demands that SPC use its standing to inappropriately influence judicial and other proceedings. SPC's continual refusal to engage in such conduct resulted in, among other things, retaliation by Infosys," it said.


According to the lawsuit, in April last year Infosys made a request to dissolve the JV due to financial disputes. It does not explicitly say it whether it was formally dissolved. Infosys entered into the JV in 2016 to conclude IT services for customers located in the Kingdom of Saudi Arabia. The company held 70% stake in the venture, with SPC owning the rest.


SPC has hired celebrity lawyer Bobby Samini, who in the past has represented several high-profile clients in the United States, including businessman Donald Sterling against the National Basketball Association (NBA).


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