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Infosys' CEO Parekh, CFO Roy denied whistleblower allegations at October 11 board meet
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Infosys' CEO Parekh, CFO Roy denied whistleblower allegations at October 11 board meet
Oct 23, 2019 12:38 AM

Infosys chief executive Salil Parekh and chief financial officer Nilanjan Roy denied the allegations of financial wrongdoing levelled against them during an October 11 board meeting, people aware of the development have told CNBC-TV18.

A letter was sent to the Infosys board on September 20 by a group of anonymous whistleblowers alleging financial wrongdoing by the company's CEO and CFO in a bid to inflate numbers. A letter was also sent to the US Securities and Exchange Commission (SEC) making the same allegations.

On being questioned by the Infosys board about the veracity of the claims made in the letter during an October 11 meeting, the duo denied the allegations.

The Infosys board subsequently asked for an internal and external audit to look into the veracity of the whistleblower complaint.

Infosys on Tuesday issued a statement, saying that the allegations are being looked into in accordance with the company norm.

"The company has received anonymous whistleblower complaints alleging certain unethical practices. These have been placed before the audit committee as per the company’s practice and will be dealt with in accordance with the company’s whistleblower policy," the statement said.

Infosys referred to Tuesday's statement when queried by CNBC-TV18 about the October 11 development.

"We will not be able to comment on the below, other than the statement we issued in the morning, which can be found on our website," it said.

>> Here’s everything that we know about the Infosys whistleblower complaint and its potential impact

First Published:Oct 23, 2019 9:38 AM IST

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