Stocks

US SEC investigates Infosys on whistleblower complaints

Reuters BENGALURU | Updated on October 28, 2019

Infosys Ltd said on Thursday that the U.S. Securities and Exchange Commission had launched an investigation into whistleblower claims that the Indian software services firm used 'unethical practices' to boost revenue and profit.

The company said India's market regulator, the Securities and Exchange Board of India, had also requested additional information from the company concerning the complaints.

 

A securities class action lawsuit has also been filed against the company in a U.S. federal court based on the complaints, the company said, adding that it intends to defend itself “vigorously”.

 

Published on October 24, 2019

Follow us on Telegram, Facebook, Twitter, Instagram, YouTube and Linkedin. You can also download our Android App or IOS App.

This article is closed for comments.
Please Email the Editor

You May Also Like