INSUBCONTINENT EXCLUSIVE:
Infosys received complaints from anonymous whistleblowers alleging certain unethical practices.Infosys Ltd said on Thursday that the US
Securities and Exchange Commission had launched an investigation into whistleblower claims that the software services firm used "unethical
practices" to boost revenue and profit.The company said market regulator Securities and Exchange Board of India (SEBI) had also requested
additional information from the company concerning the complaints.A securities class action lawsuit has also been filed against the company
in a US federal court based on the complaints, the company said, adding that it intends to defend itself "vigorously".Infosys received
complaints from anonymous whistleblowers alleging certain unethical practices.While the whistleblowers accused CEO Salil Parekh of leading
an effort to shore up profits through irregular accounting, Infosys said one of the complaints dealt largely with allegations relating to
his international travel to the US.The complaints "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", Infosys said in a regulatory filing on Monday.In a statement released
on Tuesday, Infosys chairman Nandan Nilekani said that "these Complaints are being dealt with in an objective manner".Infosys shares
declined 1.25 per cent to Rs
642.60, underperforming the Sensex which was up 0.40 per cent.Follow TheIndianSubcontinent for latest election results and live coverage of
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