Infosys says audit committee found no evidence of financial impropriety

NEW DELHI : IT major Infosys today said that its audit committee found no evidence of financial impropriety or executive misconduct. Infosys’ audit committee chairperson D. Sundaram said they took the anonymous whistleblower complaints very seriously and commissioned a thorough investigation with the assistance of independent legal counsel. “The Audit Committee determined that there was no evidence of any financial impropriety or executive misconduct,” he said.

Infosys chairman Nandan Nilekani said he is very pleased that after a rigorous investigation, the audit committee found no wrongdoing by the company or its executives. “CEO Salil Parekh and CFO Nilanjan Roy are strong custodians of the company’s proud heritage. Salil has played a key role in reinvigorating the organization and driving momentum and the Board is confident that he will continue to execute on the company’s new strategic direction successfully,” Nilekani said.