Wipro agrees to pay $5 million penalty to SEC to settle six-year-old case

India’s third-largest IT software service firm Wipro, on Friday informed the Bombay Stock Exchange (BSE) that it will be paying $5 million to the US Securities and Exchange Commission (SEC) to settle a six-year-old embezzlement case. The Wipro stock was trading flat at Rs 457 at around 12.45 pm. In a statement…