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Law firm Shardul Amarchand Mangaldas & Co. to investigate ‘unethical practices’ of Salil Parekh, CFO Nilanjan Roy

Infosys has started an independent probe into alleged unethical practices by its CEO Salil Parekh and CFO Nilanjan Roy.

The action follows complaints from whistle-blowers about unethical practices.

On Monday, the Infosys board’s audit committee retained law firm Shardul Amarchand Mangaldas & Co. to conduct an independent investigation. “The board, in consultation with the audit committee, will take such steps as may be appropriate based on the outcome of the investigation.

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It all started with a group, calling itself ‘ethical employees’, filing a whistle-blower statement with the Infosys board and the U.S. Securities and Exchange Commission, alleging that the company’s top executives were bending rules with regard to accounting of revenue from large deals to make them look more profitable.

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Just now, Scada said:

Law firm Shardul Amarchand Mangaldas & Co. to investigate ‘unethical practices’ of Salil Parekh, CFO Nilanjan Roy

Infosys has started an independent probe into alleged unethical practices by its CEO Salil Parekh and CFO Nilanjan Roy.

The action follows complaints from whistle-blowers about unethical practices.

On Monday, the Infosys board’s audit committee retained law firm Shardul Amarchand Mangaldas & Co. to conduct an independent investigation. “The board, in consultation with the audit committee, will take such steps as may be appropriate based on the outcome of the investigation.

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