Tech major Infosys on Friday said its Audit Committee found no evidence of financial impropriety or executive misconduct.
The panel had looked into the allegations contained in anonymous whistle-blower complaints, conducted an independent investigation and determined that the allegations were substantially without merit, the company said in a stock market filing.
It may be recalled that in October, the Infosys board received anonymous whistle-blower mails raising a bunch of allegations against managing director and chief executive officer Salil Parekh and CFO Nilanjan Roy.
Following this, the Audit Committee conducted an investigation with the assistance of independent legal counsel Shardul Amarchand Mangaldas & Co. and PricewaterhouseCoopers.
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