At the close, the Shanghai Composite index was down 0.51 percent at 3,198.59.

The SEC also alleged that Cognizant authorised the construction firm to make two additional bribes totalling more than USD 1.6 million.

Meanwhile, Infy has settled a case pertaining to the severance package for former CFO.

Bonuses paid at Cognizant have traditionally been in the range of 100%-200%, depending on performance of the company employee.

For the April-June quarter, Cognizant posted a net profit of $420.1 million, compared to $371.9 million a year ago.

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