Indian IT services major Infosys Ltd said on Monday it received no evidence to support the allegations in a whistleblower letter from last month, sending shares up as much as 6.5% in morning trade.
A letter, claimed to have been written by employees of the company in October, said Chief Executive Salil Parekh instigated them and others to bypass approvals for large deals, fearing a negative impact on shares from reduced profit.
"There is no supporting evidence that has been received by the company along with these anonymous complaints to substantiate the allegations," Infosys said in a letter to the National Stock
