November 5, 2024

In Infosys case, Chairman Nandan Nilekani says – Also God too cannot change Infosys numbers

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A whistleblower had made serious allegations against Infosys CEO  Salil Parekh and CFO Nilanjan Roy, claiming that the company has taken unethical steps to increase its profits and income.

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New Delhi, Oct 06(HS): Infosys case, Chairman Nandan Nilekani said’not even God’ could change the reported numbers and that board supported the IT firm’s management in executing its strategy. … “Infosys has strong processes, even God can’t change the numbers of this company. He said this while replying to the allegations of the whistleblowers. A whistleblower had made serious allegations against Infosys CEO  Salil Parekh and CFO Nilanjan Roy, claiming that the company has taken unethical steps to increase its profits and income.

Nilekani said while addressing an analyst conference that he felt insulted on the allegations made by the whistleblower. But he said that he does not want to influence the investigation. He said we take whistleblower complaints very seriously. An external team is brought in to investigate, while the Audit The committee served as a mentor.

Nandan Nilekani said these allegations were made to tarnish the company’s image. I have given my entire life to the company along with my co-founders. Together they have created this institute which is still working selflessly. He said, if you look at the current situation at this level, there is no evidence at first sight. An investigation is underway against the complaint made by anonymous people against the company. The company is yet to determine the credibility of these complaints.

Nilekani said that the audit company has hired an external law firm which will investigate complaints of anonymous people. After the investigation, we will share the report with everyone.

Some anonymous employees working in the company wrote a letter to the board on September 17, in which there were several types of management and accounting against the company’s CEO Salil Parekh and CFO Nilanjan Roy in the last two quarters (April-September) Was accused of making mistakes. Both were accused that they had made irregularities to show increased short-term profits and reduced expenses. On no response from the board, the whistleblowers sent a letter to the US whistleblower protection program on 3 October.