Infosys techies accuse CEO, CFO of unethical practices

HYDERABAD/BENGALURU: Trouble struck Infosys once again with whistle-blowers alleging wilful misstatements, material accounting deviations at the company such as revenue recognition, irregularities in large deals involving Verizon, ABN, Intel, and Japan JV during the past two quarters. Anonymous individuals, calling themselves ethical employees, waged a battle against Infy’s alleged unethical practices by stealth, dispatching an email and two separate letters (one to the board on September 20, an email to the US Securities and Exchange Commission on September 27, followed by a letter on October 3). The complaint accessed by TNIE claims to have provided voice recordings and password-protected emails as evidence.