Nilekani rules out Infosys co-founders' role in whistleblower complaints

Strongly condemns 'mischievous insinuations made by anonymous sources'

INDIA-ECONOMY-SOFTWARE-INFOSYS [File] Nandan Nilekani | AFP

Infosys chairman Nandan Nilekani on Wednesday hit out against anonymous sources who alleged that co-founders and former Infosys employees were behind the whistleblower allegations against the poster boy of Indian IT services sector. In a statement released a fortnight after an anonymous whistleblower allegations put Infosys CEO Salil Parekh and CFO Nilanjan Roy in the dock, Nilekani has strongly condemned "mischievous insinuations made by anonymous sources against the co-founders and former colleagues". 

"These speculations are appalling and seem to be aimed at tarnishing the image of some of the most accomplished and respected individuals. I have deep regard for the life-long contribution of all our cofounders. They have built this institution and have served this company selflessly and even today, remain committed to the long-term success of Infosys," Nilekani said in a statement dated Wednesday. 

He added that Infosys has promptly ordered probe into the whistleblower allegations. "...the Audit Committee has appointed an external law firm to conduct an independent investigation into the allegations made in the complaints. We will share the outcome of the investigation at the relevant time with all stakeholders," he added. 

The statement comes after the IT services major said on Monday that it received no evidence to support the allegations in a whistleblower letter from last month. Nilekani had said the whistleblower complaint dated September 20 as well as an undated complaint had been received by one of the board members on September 30.

In the letter, dated September 20 and signed by 'Ethical Employees', it was alleged that CEO Salil Parikh as well as Chief Financial Officer Nilanjan Roy engaged in forced revenue recognition from large contracts not adhering to accounting standards.