Infosys shares dive 15% as regulators investigate false accounting claims

Infosys shares dive 15% as regulators investigate false accounting claims

4 years ago
Anonymous $xdcOWPpsb_

https://www.theregister.co.uk/2019/10/22/infosys_shares_dive_on_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 they have audio recordings and emails evidencing senior executives oversaw dubious accounting practices so as to boost the company's apparent short-term results.