Markets watchdog Sebi is likely to call for a forensic audit of the books of Infosys as it continues to probe whistleblower allegations of alleged financial irregularities at the company, according to sources.
Following the whistleblower complaints that emerged last year, the regulator had initiated a probe into the matter.
The sources said Sebi is likely to call for a forensic audit of Infosys’ books to have a thorough understanding about the allegations.
In November, Sebi Chairman Ajay Tyagi said a probe was on into the Infosys matter.
At that time, he had also said one needs to ask either Nandan Nilekani or God on the IT major chairman’s assertion about even God can’t change the company’s numbers.
The National Financial Reporting Authority (NFRA), which comes under the corporate affairs ministry, is also looking into the allegations.
In October, Infosys informed stock exchanges about the anonymous whistleblower complaints alleging certain unethical practices.Get access to India’s fastest growing financial subscriptions service Moneycontrol Pro for as little as Rs 599 for first year. Use the code “GETPRO”. Moneycontrol Pro offers you all the information you need for wealth creation including actionable investment ideas, independent research and insights & analysis For more information, check out the Moneycontrol website or mobile app.
- Assemblers seek compliance audit on motorcycle program participants
- HBO cuts ties with Russell Simmons amid second allegation
- Labor candidate withdraws from Israeli presidential race amid corruption allegations
- GRP panel seeking ‘lesser violence’ from NPA amid talks
- Source: Fox News likely to terminate Andrea Tantaros soon amid contract dispute
- Marcos seeks poll audit
- Grab reports increased bookings amid Uber suspension
- PBS suspends Tavis Smiley’s show amid misconduct allegations
- Ban seeks peaceful dialogue in Egypt amid rising tension
- Philippines seeks more US navy ships amid China threat