INSUBCONTINENT EXCLUSIVE:
month, sending shares up as much as 6.5 per cent in morning trade.A letter, claimed to have been written by employees of the company in
October, said chief executive Salil Parekh instigated them and others to bypass approvals for large deals, fearing a negative impact on
shares from reduced profit."There is no supporting evidence that has been received by the company along with these anonymous complaints to
the US Securities and Exchange Commission (SEC) had launched a probe into whistleblower claims that the Indian software services firm used
'unethical practices' to boost revenue and profit.The complaints were still under investigation and the company was not in a position to
determine "concreteness, credibility and materiality of complaints", the Bengaluru-based company said in its letter to the NSE.The letter
was in reply to the NSE's request to the company to explain why it had not disclosed the receipt of the letter.Infosys said since the
allegations were not deemed "material" under Indian regulation, the company was not obligated to disclose them.Get Breaking news, live
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