Infosys whistleblower complaint: Audit panel finds no financial impropriety

Infosys on Friday said that its audit committee found no evidence of financial impropriety or executive misconduct by the company in its investigiation into allegations contained in the anonymous whistleblower complaints the company disclosed on October 21, 2019 and determined that the allegations were substantially without merit.

“The Audit Committee conducted a thorough investigation with the assistance of independent legal counsel Shardul Amarchand Mangaldas & Co. and PricewaterhouseCoopers Private Ltd. (collectively “investigation team”). The findings of the investigation were adopted by the Board of Directors of the Company. The Audit Committee concluded that no restatement of previously announced financial statements or other published financial information is warranted,” the company said in its press release.