Whistleblower case: Infosys writes to clients as allegations reveal dissent

The letter was made public last Monday, after which Infosys' stock price was badly hit, though it has recovered a bit in the last trading session

Infosys panel may summon CEO, CFO & finance team over whistleblower charges
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Analysts say relation with clients is good, but allegations reveal internal dissent

Debasis Mohapatra Bengaluru
Infosys has written to clients, apprising them of the developing situation on whistle-blower allegations and subsequent investigations by the company and regulators, said sources in the company.

Analysts said the relationship of the Bengaluru-headquartered information technology (IT) major with its clients was unlikely to be affected by the recent developments, but the complaints of the whistle-blowers reflected internal dissent in the company.
 
“From the point of view of clients this will have little or no impact,” said Peter Bendor-Samuel, founder and chief executive officer (CEO) of global IT outsourcing consultancy firm Everest Group, adding: “They don’t care about accounting practices

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First Published: Oct 28 2019 | 7:31 PM IST

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