NDTV website Infosys shares nosedived nearly 16 per cent on Tuesday - October 22 - in their worst single-day drop in over six years, a day after India's second largest IT services company said it had received anonymous whistleblower complaints alleging certain unethical practices.
In the complaint, whistleblowers accused Infosys CEO Salil Parekh of leading an effort to shore up profits through irregular accounting.
In a statement released on Tuesday morning, Infosys Chairman Nandan Nilekani said the two anonymous complaints have been placed before the company's Audit Committee on October 10, 2019 and the non-executive members of the board on October 11, 2019.
He also said that the CEO and CFO have been recused from this matter to ensure independence in these investigations.
The allegations come just two years after India's No. 2 software services firm endured a shake-up that saw its top boss Vishal Sikka leave the company.
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