Ask God about Nilekani's comment: Ajay T yagi

The chairman of Info sys Ltd may have avie won the integrity of the company' s financial statements but the regulator will look at the issue independently, A jay Tyagi, chairman of the Securities and Exchange Board of India said today.

Tyagi's comment comes in the backdrop of a whistleb lower complaint with the US market regulator that alleged dodgy accounting practices by Info sys and its top officials. Addressing an analysts' conference call Wednesday, Chairman Nandan Nil ekani had said: "Even God cannot change numbers of this company."

"Ask him or ask God ... invest or scan draw their own conclusions. Whatever we have to do , we ar e doing, and whatever is the outcome you will know ," T yagi said on the sidelines of the Confederation of Indian Industry' s Financial Markets Summit 2019.

SEBI has s ought some information fr om Inf osys on the whistleblower complaint, Tyagi said.

Asked whether US SEC had sought details fr om SEBI on the issue, Tyagi said, "that is confidential".

The information technology major had earlier said it has mandated its internal auditor, EY , to review the processes in the bac kdrop of the allegations. The company has also appointed law f ir m Shardul Amarchand Mangaldas &; Co to inde pendently probe the matter.

Media reports a lso said the company has a ppointed Pricewaterhouse-Coopers to review the r evenue recognition practices a ssociated with large deals.

The revelation of t he letter on O ctober 2 2 spoo ked investors, w ho massi vely s old their h oldings in I nfosys stocks o ver the corporate governance issu es. T he i mpact o f the sh arp s ell-off was seen far and wide, which eroded o ver Rs 50,000 crore worth of w ealth in a s ingle day.

At present, Sebi is pr obing the alle gations and in vestigating the build-up of derivatives po sitions in the company's stoc k before the whistleblower complaint was re vealed.