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Auditor regulator NFRA to look into alleged irregularities at Infosys

On Monday, Infosys informed stock exchanges about anonymous whistleblower complaints alleging certain unethical practices

Press Trust of India  |  New Delhi 

infosys

The government has asked the National Financial Reporting Authority (NFRA) to look into alleged accounting irregularities at in the wake of whistleblower complaints, a senior official said on Thursday.

NFRA comes under the Ministry of Corporate Affairs.

The senior government official told PTI that NFRA has been asked to look into alleged accounting irregularities and related unethical practices.

On Monday, informed stock exchanges about anonymous whistleblower complaints alleging certain unethical practices.

Markets regulator Securities and Exchange Board of India (SEBI) and US Securities and Exchange Commission are also looking into the matter following the whistleblower complaints.

NFRA is an independent regulator for the auditing profession.

Shares of Infosys were trading 0.94 per cent lower at Rs 644.65 in morning trade on BSE.

First Published: Thu, October 24 2019. 11:20 IST
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