SEC, Sebi initiate investigation against Infosys over whistleblower charges; shares down

INSUBCONTINENT EXCLUSIVE:
Infosys on Thursday informed bourses that Securities and Exchange Commission (SEC) has initiated an investigation into the anonymous
were trading 1.24 per cent down at Rs 642.70 in Thursday's morning trade, while the benchmark BSE Sensex was up 0.32 per cent at 39,182
Earlier on Tuesday, the scrip tanked over 10 per cent on concerns over a whistleblower complaint against the company's top executives. A
Securities and Exchange Board of India (Sebi) has requested additional information from the company concerning the anonymous
securities class action lawsuit that has been filed against the company in federal court in the United States based on the generalised
the wake of serious allegations levelled by a whistleblower, while it is also examining possible insider trading in the company's
securities, PTI reported on Wednesday.