Infosys CEO Parekh Says Served With Commitment And Integrity Over Past Two Years

Infosys CEO Salil Parekh said he was committed to executing the Infosys strategy and had served with commitment and integrity to deliver the transformation of the company over the last two years, even as the board is investigating anonymous complaints related to accounting malfeasance.

Last month, ET reported that whistleblowers had mailed the company’s board and the US Securities and Exchange Commission alleging that the company’s CEO Parekh and CFO Nilanjan Roy were using aggressive accounting and hiding information from the auditors in order to boost revenue and margin.

The company is being investigated by the US regulator and is facing strong criticism on its handling of the issue. Infosys has appointed Shardul Amarchand Mangaldas to investigate the claims.

“I have served with commitment and integrity to deliver a major business transformation in the large, complex organisation. I’m grateful and heartened for the personal messages. I received from my employees,” Parekh told analysts at the company’s investor meet in Bengaluru.

He added that he respects the independent investigation that has been undertaken by the board and has recused himself from the process.

“Those who have worked with me know that I operate with inclusiveness and have no tolerance for divisiveness of any form,” Parekh said.―India Finance News