ALSO READPanaya deal clean, being victimised for improving Infosys: Vishal Sikka Media attacks orchestrated to harm Infosys reputation: Sikka on Panaya deal From pay package to Panaya acquisition: What Infosys crisis is all about Don't be distracted by gossip on Infosys: CEO Vishal Sikka to employees Infosys says audit committee to probe whistleblower letter on Panaya
In February, Infosys had said it will investigate claims levelled by the whistleblower in an anonymous mail to market regulator Sebi, alleging wrongdoings by the company when in buying Israeli automation technology firm Panaya.
While strongly refuting the allegations, the Bengaluru-based firm had also hired Gibson Dunn and Control Risks (GDCR) to conduct an internal investigation into the charges.
"Gibson Dunn and Control Risks have now completed their detailed and extensive Independent Investigation and as they have described in the attached document, they did not find any evidence whatsoever of wrongdoing," Infosys said in a statement.
GDCR, in its report, said it had found no evidence to support allegations regarding wrongdoing by the company or its directors and employees.
"...Thorough due diligence was conducted, the valuations of the target companies done by an outside financial advisor were reasonable, and the purchase prices were within the range of values determined by that advisor," it said.