The Bengaluru-headquartered firm said that it complied with its whistleblower policy through placing the complaint before the audit committee of its board
On Monday, Infosys informed stock exchanges about anonymous whistleblower complaints alleging certain unethical practices
Credibility of the Indian IT sector is at stake
The greater the ambiguity in the law on how one would be treated, the lesser is the ease of doing business
Investors lost a staggering Rs 53,000 crore when the stock tanked 16 per cent on Tuesday
It might not be a bad idea for a buyout fund to step in and take Infosys out of the glare of the public markets
Infosys Chairman Nandan Nilekani on Tuesday said the company's audit committee will conduct an independent investigation on whistleblower allegations of CEO Salil Parekh and CFO Nilanjan Roy indulging in "unethical practices" to boost short-term revenue and profits. The committee began consultation with independent internal auditors EY, and has retained law firm, Shardul Amarchand Mangaldas & Co. to conduct an independent investigation, Nilekani noted in his statement to the stock exchanges. Nilekani said one board member had received two anonymous complaints on September 30, 2019 - one dated September 20, 2019, titled Disturbing unethical practices and an undated note with the title, Whistleblower Complaint. He said both had been placed before the audit committee on October 10, 2019, and before the non-executive members of the board the following day. "Post the board meeting of October 11, 2019, the audit committee began consultation with the independent internal auditors (Ernst .
Infosys received yet another jolt on Wednesday after an anonymous whistleblower made an appeal to market regulator Sebi to probe an agreement made by the tech giant with some of its ex-directors.