Whistleblower case: Infy woes mount as auditing regulator, SEC begin probe

Infosys said it complied with its whistle-blower policy through placing the complaint before the audit committee of its board

Trouble continues to mount for Infosys, hit by allegations of unethical practices by a whistle-blower. After the Indian market regulator, now the US Securities and Exchange Commission (SEC) has initiated a probe into the allegations, even as the central government has directed the newly formed auditing regulator National Financial Reporting Authority (NFRA) to look into the charges of wrong accounting practices at the firm.

“The company has been in touch with the SEC regarding the anonymous whistle-blower complaint and has learnt that the SEC has initiated an investigation into this matter. The company will cooperate with the investigation," Infosys said