‘Group encloses mails, voice recordings on wrongdoings’

‘CEO, CFO wanted to push out misleading numbers’

October 22, 2019 01:30 am | Updated 01:30 am IST - Bengaluru

The logo of Infosys is pictured outside its headquarters in Bengaluru.

The logo of Infosys is pictured outside its headquarters in Bengaluru.

‘Ethical Employees,’ the whistleblower group that claimed Infosys CEO Salil Parekh had indulged in unethical practices, has, in a mail to the U.S.-based Office of the Whistleblower Protection Program, said that it had enclosed mails and voice recordings but that it had not sent them to the company.

Read: Here is the text of the whistleblower's letter to the Infosys Board and to the US SEC

“We have not sent them to the company as our identity would be revealed.

“We are providing additional information to you under the Whistleblower Protection Program,” the mail said. A total of 16 enclosures have been mailed to the office of the Whistleblower Protection Program.

Auditor objections

These include e-mail copies on visa costs, auditors who have noted their objections, voice recordings and another set of e-mails to show how the CEO and CFO wanted “misleading” figures about revenue and profit to be pushed, bypassing auditors.

 

Another set of e-mails pertain to a deal with an upfront payment and the pressure not take the charge as it would impact profit and stock prices.

The group said voice recordings have instructions from the CEO and the CFO not to present to the board or share important information with the auditors.

Some more enclosures are e-mails on irregularities in revenue recognition in Verizon, ABN, Intel and Japanese joint venture deals and voice recordings by the CFO.

The voice recordings have been enclosed in a pen drive under the subject ‘Truth 1’ and electronic copies of the mail under the subject ‘Truth 2.’

0 / 0
Sign in to unlock member-only benefits!
  • Access 10 free stories every month
  • Save stories to read later
  • Access to comment on every story
  • Sign-up/manage your newsletter subscriptions with a single click
  • Get notified by email for early access to discounts & offers on our products
Sign in

Comments

Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.

We have migrated to a new commenting platform. If you are already a registered user of The Hindu and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.