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Not received Sebi request for further audits: Infosys

Earlier this month, Infosys put out the results of its internal investigation -- clearing the executives of all wrong-doing. The whistleblower has ostensibly mailed the US Securities and Exchange Commission with evidence. That investigation is still underway.

, ET Bureau|
Last Updated: Jan 24, 2020, 12.02 PM IST
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Infosys said it has not received any request from stock market regulator Sebi to conduct further audits, following media reports that suggested the regulator was looking to appoint a forensic investigator to look into allegations of financial impropriety by the company’s management.

In October, a whistleblower alleged corporate malfeasance by CEO Salil Parekh and CFO Nilanjan Roy, apparently aimed at boosting revenue and profit. Earlier this month, Infosys put out the results of its internal investigation -- clearing the executives of all wrong-doing. The whistleblower has ostensibly mailed the US Securities and Exchange Commission with evidence. That investigation is still underway.

“As disclosed previously, the Company had received letters from regulatory authorities seeking information on the anonymous whistleblower investigation. The Company continues to cooperate with regulatory authorities,” Infosys said in a statement to the BSE. “The Company has not received any request from SEBI to conduct further audits as reported by media on January 23, 2020,” it added.

Shares of Infosys were down 1.24 per cent at Rs 774.80 on BSE.

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