Whistleblower case: SEC concludes probe; no action expected, says Infosys

Infosys on Tuesday said the US Securities and Exchange Commission (SEC) has concluded the investigation in the whistleblower allegations made last year, and that it does not anticipate any further action by the regulator.

In October last year, Infosys had informed stock exchanges of having received anonymous whistleblower complaints alleging certain unethical practices by the top management. It then started a probe into the matter and roped in external investigators.

The whistleblowers had accused CEO Salil Parekh of unethicla prcatices and unaccounted travels. The whistleblower, who claimed to be part of Infosys' finance team, has also alleged that Parekh was not