Sebi Likely to Seek Forensic Audit of Infosys Books Amid Whistleblower Allegations
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.
New Delhi, Jan 23 (PTI) 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.
(The above story is verified and authored by Press Trust of India (PTI) staff. PTI, India’s premier news agency, employs more than 400 journalists and 500 stringers to cover almost every district and small town in India.. The views appearing in the above post do not reflect the opinions of LatestLY)