Monday, 11 November 2019

Second whistleblower letter launching personal attack on Infy CEO, surfaces

This is said to be the ‘undated’ letter that Infosys had earlier informed in regulatory filing
Salil Parekh, Infosys CEO
Days after a whistle-blower letter accused Infosys CEO Salil Parekh of “unethical practices”, another such letter has now surfaced, which has brought in several personal allegations against him.
Addressed to independent directors of the board and the chairman of Nomination and Remuneration Committee (NRC) at Infosys, the undated letter alleged that while Parekh continues to remain absent in the headquarters in Bengaluru, he prefers to stay in Mumbai to protect his personal investments in small companies.
The whistleblower, who claimed to be part of Infosys‘ finance team, has also alleged that Parekh was not able to control cost and was leading the company towards a low margin regime. In the three-page letter which has been seen by Business Standard, the whistleblower has also launched vicious personal attacks against Parekh.
While the company declined to comment, it is reliably learnt that Infosys had earlier informed the exchanges on October 22 about receiving two whistleblower mails including an undated one. The letter which has now been leaked to media, is said to be the same undated letter…

No comments:

14th BRICS summit to review current global issues, reach key agreements

  At the   14th BRICS summit   which is to be hosted by China in a virtual mode on 23-24 June, the member nations will review the current gl...