Sebi initiates probe against Infosys over whistleblower charges

The matter could get further complicated for Infosys as the company is also listed on the Nasdaq Stock Exchange in the US

The Securities and Exchange Board of India (Sebi) has initiated a preliminary enquiry against information technology services major Infosys following allegations of unethical practices by a whistleblower. 

The market regulator has received the whistleblower’s letter along with voice recordings and emails supporting his claims. “The allegations are serious in nature. A proper enquiry into the matter is needed. We have taken up the matter for a preliminary enquiry,” said a source in Sebi. 

The anonymous letter written by an employee group has accused Infosys Chief Executive Officer (CEO) Salil Parekh and Chief Financial Officer (CFO) Nilanjan Roy of indulging in