Nilekani said the firm is unable to give a timeline on when the probe will be overInfosys was committed to the highest standards of corporate governance and has responded responsibly and complied with applicable laws and best practices, Nilekani said
2 min read6 Nov 2019Markets regulator Securities and Exchange Board of India (Sebi) is probing the buildup of huge derivatives positions in Infosys stock before allegations of accounting malpractices went public, said two people with direct knowledge of the matter. Huge derivatives positions were built up and put positions were accumulated in the November series of Infosys.The whistleblower complaint made to the management and US Securities and Exchange Commission (SEC) became public on 21 October. The development saw American Depository Receipts (ADRs) of Infosys slump 17% on Monday, and over 16% in India on Tuesday. The whistleblower complaint accused the company’s chief executive officer Salil Parekh and chief financial officer Nilanjan Roy of unethical accounting practices in a bid to shore up profits.
24 Oct 2019Sebi says genuine whistleblowers could get monetary reward of ₹1 crore as well as amnesty from regulatory actionThe proposed policy would be implemented by amending Sebi (Prohibition of Insider Trading) Regulations, 2015
2 min read10 Jun 2019We need many such hardy souls, willing to prosecute for themselves as well as for the Indian business
4 min read30 Jan 2019Experts who have started to sift through the material said it appeared legitimateand that the WikiLeaks release was almost certain to shake the CIA
1 min read7 Mar 2017The clampdown by the Donald Trump administration has fueled paranoia among Washington career civil servants who say it appears designed to try to limit the flow of information
6 min read3 Mar 2017Supreme Court says it is not for the apex court to interfere in the whistleblower law when the Parliament is seized of the matter
1 min read13 Jan 2017The American actor on the dystopic circus of which Donald Trump is ringmaster, resisting state power, and the importance of Arundhati Roy
5 min read6 Aug 2016Whistleblowers should be offered monetary incentives as they tend to become unemployable in the aftermath of a whistleblowing incident, says Martin Woods
4 min read5 May 2016Companies Act of 2013 trigger for surge in whistleblower-led probes, say forensic teams at consultancies
5 min read18 Feb 2016The Union Budget contains details about the estimated receipts and the expenditure of the government for a particular fiscal year. The Budget is allotted for the upcoming fiscal year, which runs from 1st April to 31st March of the next year. Here is a quick guide on how the Union Budget is prepared