Infosys faces whistleblower complaint alleging "unethical

An anonymous group claiming to be employees of IT major Infosys has written to the company's board accusing CEO Salil Parekh and CFO Nilanjan Roy of indulging in "unethical practices" to boost short-term revenue and profits.

"We have high respect for all of you and bring to your notice the unethical practices of CEO in recent quarters. Same measures are taken up in the current quarter also to boost short term revenue and profits," the letter addressed to Board of Directors dated September 20, read.

Calling themselves as "ethical employees", the "whistleblowers" have said that they have emails and voice recordings on these matters.

"We hope the Board will conduct immediate investigation and take action," they added.

The Bengaluru-headquartered Infosys said the whistleblower complaint has been placed before the Audit Committee as per the company's practice.

"The whistleblower complaint has been placed before the Audit Committee as per the Company's practice and will be dealt with in accordance with the Company's whistleblowers policy," it said in a statement.

The Whistleblowers have also written to the US-based office of the Whistleblower Protection Programme on October 3, alleging willful misstatement and accounting irregularities for the last two quarters.

Stating that in the last quarter, they were asked not to fully recognise costs like visa costs to improve profits, the whistleblowers have claimed: "We have voice recordings of these conversations. When auditor opposed, the issue was postponed."
"All information is not shared with auditors."