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No prima facie evidence to corroborate: Infosys
Infosys on Monday said it is yet to receive any evidence to corroborate anonymous whistleblowers' complaints that alleged unethical practices by the company's top management.
New Delhi: Infosys on Monday said it is yet to receive any evidence to corroborate anonymous whistleblowers' complaints that alleged unethical practices by the company's top management.
"With respect to the anonymous complaints, there is no prima facie evidence that the company has received until date to corroborate any of the allegations made," Infosys told the National Stock Exchange.
On October 24, the NSE sought clarification from the IT major on the whistleblowers' allegations and why the company had not disclosed the same to the exchanges.
In its response, the company said the audit committee has already engaged law firm, Shardul Amarchand Mangaldas & Co, to investigate the matter, and had also started consultations with an independent internal auditor, Ernst & Young.
The independent internal auditor was given a mandate to review certain processes on the basis of the allegation in the anonymous complaints.
"Given the circumstances at this stage, where there is complete absence of prima facie evidence and the anonymous complaints are still under investigation, the company is not in a position to determine the concreteness, credibility and materiality of the anonymous complaints," Infosys noted.
