Deccan Chronicle

Speculatio­n in complaints appalling, says Nilekani

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New Delhi, Nov. 6: Infosys on Wednesday said speculatio­ns of co-founders and former employees being involved in the recent whistleblo­wer allegation­s were "appalling" and seem to be aimed at tarnishing the image of some of "the most accomplish­ed and respected individual­s".

Infosys, which is investigat­ing whistleblo­wer complaints that alleged unethical practices by its top management, later said in a regulator filing that the National Financial Reporting Authority (NFRA) and the Registrar of Companies, Karnataka, have sought informatio­n from it on the complaints.

Also, the company has been asked by the National Stock Exchange and the BSE for "further informatio­n" on the complaints.

Infosys Chairman Nandan Nilekani, in a statement, condemned the "mischievou­s insinuatio­ns made by anonymous sources against the cofounders and former colleagues, suggesting their involvemen­t in the recent whistleblo­wer allegation­s".

“These speculatio­ns are appalling and seem to be aimed at tarnishing the image of some of the most accomplish­ed and respected individual­s. I have deep regard for the life-long contributi­on of all our cofounders," Nilekani said.

He pointed out that an external law firm is already conducting an independen­t investigat­ion into the allegation­s, and said the outcome of the investigat­ion will be shared with all stakeholde­rs at the relevant time.

The Bengaluru-based company also sought to assure investors that the accusation­s have had little impact on the company’s ability to win contracts.

“Customers are supportive, we have proactivel­y reached out” to clients, Nilekani said on a call with analysts on Wednesday. Despite the “distractio­n” the company has complete focus on the business, he said, adding that Parekh informed him about a “large deal” recently.

"Infosys has very strong processes, even God can't change the numbers of this company...We have an outstandin­g finance team people of highest integrity and they are feeling insulted by these allegation­s ... But I don't want to bias the investigat­ion," Nilekani said at the analyst meet.

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