Indian IT firm Infosys said on Tuesday it was in the process of reaching a settlement with the U.S. government over the company's alleged misuse of temporary business visas.
U.S. authorities have been investigating India's second-largest information technology services exporter since 2011.
The Wall Street Journal had earlier said that the United States was expected to announce a resolution in the case on Wednesday. In a statement, Infosys said a resolution had yet to be finalized.
The Journal reported that the fine, estimated to be as large as $35 million, would be the largest immigration fine ever.
"In response to reports attributed to Justice Department officials, Infosys is in the process of completing a civil resolution with the government regarding its investigation of visa issues and I-9 documentation errors," the company said.