SEBI to order forensic probe of Infosys whistleblowers' allegations
The move came after Infosys' audit committee found no evidence of financial wrongdoings or misconduct on part of company's top executives
- Jan 23, 2020,
- Updated Jan 23, 2020 9:37 PM IST
Market regulator SEBI is set to order a forensic audit in the Infosys whistleblowers' allegations, said a media report. The development comes days after audit committee of the company's board gave clean chit to its executives in the matter.
The Securities and Exchange Board of India (SEBI) is in the process of appointing a forensic auditor for thorough examination of the allegations of unethical practices, Mint quoted sources as saying. "The finding that it has come to is immaterial on SEBI's probe. The regulator's investigation so far has in fact warranted a deeper analysis," one of the sources told the daily.
The move came after Infosys' audit committee found no evidence of financial wrongdoings or misconduct on part of company's top executives. The investigation was undertaken following whistleblower complaints on October 21, 2019, which blamed Infosys CEO Salil Parekh and CFO Nilanjan Roy of indulging in unethical practices.
Market regulator SEBI is set to order a forensic audit in the Infosys whistleblowers' allegations, said a media report. The development comes days after audit committee of the company's board gave clean chit to its executives in the matter.
The Securities and Exchange Board of India (SEBI) is in the process of appointing a forensic auditor for thorough examination of the allegations of unethical practices, Mint quoted sources as saying. "The finding that it has come to is immaterial on SEBI's probe. The regulator's investigation so far has in fact warranted a deeper analysis," one of the sources told the daily.
The move came after Infosys' audit committee found no evidence of financial wrongdoings or misconduct on part of company's top executives. The investigation was undertaken following whistleblower complaints on October 21, 2019, which blamed Infosys CEO Salil Parekh and CFO Nilanjan Roy of indulging in unethical practices.