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Violation Tracker Individual Record

Company: Wipro Limited
Current Parent Company: Wipro Limited
Penalty: $5,000,000
Year: 2016
Date: December 22, 2016
Offense Group: financial offenses
Primary Offense: accounting fraud or deficiencies
Violation Description: The Securities and Exchange Commission announced settled charges against an India-based information technology service company, Wipro Limited, for misstatements in the company's financials concerning foreign currency transactions totaling approximately $67 million over nine consecutive quarters.
Level of Government: federal
Action Type: agency action
Agency: Securities and Exchange Commission
Civil or Criminal Case: civil
HQ Country of Current Parent: India
Ownership Structure of Current Parent: publicly traded
Major Industry of Current Parent: business services
Specific Industry of Current Parent: business process services
Source of Data: (click here)
Source Notes: If an online information source is not working, check the Violation Tracker Data Sources page for an updated link.
Current parent company note: Parent-subsidiary relationship is current as of the most recent revision listed in the Update Log.