In its latest missive, Ethical Employees, a whistleblower group, has allegedly complained to the U.S. Securities and Exchange Commission (SEC) and the Infosys’ board that CEO Salil Parekh was indulging in “unethical practices” to boost short-term revenue and profit. The group claimed it had recordings and mails to show Infosys was indulging in such practices. The complaint alleges that Mr. Parekh bypassed reviews and approvals for large deals. First reported by a financial newspaper, the complaint alleges that Mr. Parekh directed his key employees to make “assumptions” to show margins. After several developments, the then Infosys CEO Vishal Sikka had to step down from office.

Source: The Hindu October 21, 2019 16:31 UTC