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US stock market regulator also launched an investigation into complaints against Infosys.
The US stock market regulator Securities and Exchange Commission also began an investigation into allegations of accounting disturbances on Infosys. Infosys gave this information on Thursday. For Equity tips visit our Website.
The company is also listed on the New York Stock Exchange. Indian stock market regulator SEBI has also started an investigation.
Infosys CEO Salil Parekh and CFO Nilanjan Roy were accused by the whistle blower that they both used unethical methods to increase profits and revenue. This information came out last week. Infosys shares fell 16% on Tuesday due to these allegations. Company chairman Nandan Nilekani said that complaints were being investigated.
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Image and article originally from simplestockmarketupdates.blogspot.com. Read the original article here.