The Company has not received any request from Sebi to conduct further audits as reported by media on January 23, 2020." At 14.21 pm, shares of Infosys Ltd were down 0.6% at ₹779.75 apiece on the BSE. According to a Mint report, the markets regulator is set to order a forensic audit into Infosys Ltd’s books following whistleblowers’ allegations that its top executives were involved in financial irregularities. The development comes after an internal audit committee of Infosys Ltd, on 10 January, concluded that whistleblower allegations about financial irregularities at the Bengaluru-based information technology company were substantially without merit. The whistleblower allegations, which first became public on 22 October, revolve around anomalies in visa costs, large deals, reversal of certain provisions, and non-disclosure of key information, among others.
Source: Mint January 24, 2020 08:57 UTC