Industry

Infosys says SEC probe talk ‘baseless’

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Infosys said speculation about an SEC probe or a delay in filing Form 20-F with the U.S. Securities and Exchange Commission (SEC) within the stipulated time was ‘baseless.’

“The company will file the Form 20-F within the stipulated time and has sufficient time to do so. Speculation that the Form 20-F is not filed in time or there is an ongoing SEC investigation is baseless and incorrect,” Infosys said.

The clarification follows media reports about a whistleblower claiming Infosys had not filed the mandatory Form 20-F and wanting to know if there was any ongoing SEC investigation. The Form 20-F lists important risks and financials of a company.

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Printable version | Dec 12, 2019 10:50:40 PM | https://www.thehindu.com/business/Industry/infosys-says-sec-probe-talk-baseless/article24255533.ece

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