Infosys shares dive 15% as regulators investigate false accounting claims

Infosys shares dropped almost 15 per cent on the Bombay Stock Exchange yesterday on news that regulators are investigating serious allegations of false accounting at the organisation. Whistleblowers, who claim they are employees at the company, have written to both the board of directors and regulators in Washington alleging …

[Anonymous South African Coward]

Where there's smoke, there usually's a fire.

Unless it is fake and planned to disrupt Infosys.

[Pascal Monett]

"Salil Parekh, is still CEO and managing director"

For the moment, apparently.

Look, one whistleblower event can be a mistake, but two ? That has to mean that Infosys some serious issue to resolve one way or the other.

[Anonymous Coward]

I fear for the whistle-blower...

[FozzyBear]

Let's be honest the directors know about the dodgy practices at the very least or were actively part of it. Employing a law firm and Deliottes means you don't want to uncover the truth, you want to make sure you are legally covered when the truth hits the fan

Besides I thought Deliotte were embroiled in some dodgy audit practices themselves over the last few years. Yep and here's the latest

https://www.ft.com/content/d6dfb3ce-8c54-11e9-a1c1-51bf8f989972