Infosys ADR sinks 13% over whistleblower's window dressing allegations

Stock likely to come under more pressure today; audit committee examining anonymous claims

Information technology major Infosys saw its American Depositary Receipts (ADRs) on the NYSE sink by 12.91 per cent on Tuesday (as of 12.22 am), after the revelation that a group describing itself as ‘whistle-blower staffers’ had accused the management of hiding the true financial picture. 

The Indian stock exchanges were closed on Monday, due to state elections. Brokerages say they expect Tuesday to see similar selling pressure on the company’s shares. Infosys had faced allegations from whistle-blowers in 2016-17. The developments set in motion eventually led to the exit of then chief executive officer (CEO), Vishal Sikka. 

The latest charge is from