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US SEC starts probe against Infosys on whistleblower complaints

Oct 24, 2019 12:29 IST

Infosys in an exchange filing on Thursday confirmed that the United States Securities and Exchange Commission has initiated a probe against the company following allegations of 'unethical practices'. The tech giant said that it intends to cooperate with SEC's investigation. Separately, Infosys also informed that it has learnt of securities class action lawsuit filed in the federal court of the United States based on the whistleblower complaints and is prepared to defend itself vigorously. Reports indicate that if the allegations are proven true, Infosys may part ways with Salil Parekh.