INSUBCONTINENT EXCLUSIVE:
Bengaluru: The US Securities and Exchange Commission (USSEC) has started an investigation on the whistleblower complaints against Infosys
claiming malfeasance in accounting
Infosys is in touch with the USSEC and would cooperate with the investigation, said the company in a filing to the BSE
deals and their profitability
The Securities and Exchange Board of India (SEBI), the market regulator in India, has also requested additional information from the tech
services major concerning the anonymous complaints
Infosys said it is also aware of a class action lawsuit and "intends to defend itself vigorously in such a lawsuit".
"Infosys will provide
The company is also aware of a securities class action lawsuit that has been filed against the company in federal court in the US based on
the generalized allegations in the anonymous complaints," said Infosys in its filing this morning.
Infosys on Tuesday issued a statement
attributing to chairman Nandan Nilekani and said the anonymous complaints were first received by an Infosys Board member on September 30
on October 11, when they met to finalise the second quarter results