Tag: whistleblower

Infosys Audit Committee’s Investigation report denies any financial impropriety or executive misconduct

Infosys has announced that its Audit Committee of the Board of Directors has concluded the independent investigation into allegations contained in the whistleblower’s complaints the company disclosed on October 21, 2019 and determined that the allegations are substantially without merit. The Audit Committee conducted a thorough investigation with the assistance of independent legal counsel Shardul…

Updated: Infosys CEO Salil Parekh and CFO Nilanjan Roy fudging financials.

A group of whistleblowers at Infosys, identifying themselves as “Ethical Employees” in their letter, have alleged that Infosys CEO Salil Parekh has been fudging the company’s financials and inflating profits in recent quarters. According to the whistle blowers, as stated in their letter, CFO Nilanjan Roy has been compliant and is also involved.  In their…