Infosys share price plummet after being attacked by Whistleblowers

Infosys took a blow when the whistleblowers accused CEO Salil Parekh of unethical practices.

The accused led to 10 months drop in Infosys shares announced in New York.

Whistleblowers actually sent a letter to the board and it was published by Deccan Harold stating the not so right practices led by the Infosys CEO.

It is said that to increase profits CEO Salil Parekh tried to pressurize employees to do more work.

There’s a reason why the CEO Infosys had to behave towards the employees.

This month Infosys saw a fall of 2% in quarterly profit. The CEO who had sworn to increase digital services, re-energize core offerings, re-skill employees and hire locally in a key US market. After the fall, this might have taken a toll on the CEO and made him push his employees to work harder and maybe to the point of led to unethical practices.

In response to the accusations, Infosys responded: “The whistleblower complaint has been placed before the Audit Committee as per the company’s practice and will be dealt with in accordance with the company’s whistleblowers policy.”