Whistleblower charges: Infosys probe gives clean chit to Parekh

Bengaluru, Jan. 10: Infosys on Friday said its audit committee has found no evidence of financial impropriety or executive misconduct, virtually giving a clean chit to CEO Salil Parekh and CFO Nilanjan Roy who were accused by anonymous whistleblowers of rigging the company's balance sheet.

In October, Infosys had informed stock exchanges of having received anonymous whistleblower complaints alleging certain unethical practices by the top management. It then started a probe into the matter and roped in external investigators.

"The Infosys audit committee finds no evidence of financial impropriety, or any executive misconduct. We had a long investigation," the company's Chairman Nandan Nilekani said a press conference.

According to him, the investigation team, which at

consisted of the independent legal team of Shardul Amarchand Mangaldas & Co, and the auditing firm and PriceWaterhouseCoopers had done 128 interviews with 77 people, identified 46 custodians for all the relevant documents and data, reviewed over 2,10,000 documents from

electronic data sources, and the total data which they have processed is eight terabytes.

Expressing his happiness with the outcome of the investigation, Nilekani said Parekh and Roy have emerged from this stronger.

"They are people who are thorough professionals. They came here to make a difference, they've already made a difference. The last two years since Salil has been here, the company has changed dramatically for the better," Nilekani said.