Infosys tumbles 16% as whistleblowers accuse of unethical practices

The anonymous letter alleges the current management is taking 'unethical' steps to raise short-term revenue and profit.

Shares of Infosys tanked over 16 per cent to Rs 643 apiece on the BSE on Tuesday after the revelation that a group describing itself as ‘whistle-blower staffers’ had accused the management of hiding the true financial picture.

Infosys reported its sharpest intra-day fall in more than six years. Earlier on April 12, 2013 it fell 22 per cent in the intra-day trade. The stock contributed 451 points  to Sensex's fall.  

The latest charge is from an anonymous group, calling itself ‘Ethical Employees’. Their letter, dated September 20, was addressed to the board of directors and to the