Anonymous whistleblowers alleged in 2019 that Infosys's chief executive and chief financial officer used unethical practices to boost short-term revenue and profit.

Why this label

The allegations came from an anonymous group and were made public through the company's own disclosure^S2. The group said it held emails and voice recordings^S2. The only finding on the merits is the company's own audit committee investigation, which said it found no evidence of impropriety^S3. That is a commissioned review, not an independent ruling. The SEC closed its inquiry with no public finding, as reported by the company^S1S4. No restatement followed^S1. Indian regulators made inquiries too. The company said in January 2021 that it had answered all of them, with its last response on 15 May 2020^S6. No outcome of the Indian inquiries was found in filings or press searches. No regulator has published a finding either way, so the records do not permit a responsible conclusion.

Current procedural position

Allegations disclosed on 22 October 2019^S2. Company-commissioned investigation concluded on 10 January 2020 with no evidence found^S3. SEC investigation concluded in March 2020 with no action, per the company^S1. Inquiries by Indian regulatory authorities answered by 15 May 2020, outcome not disclosed in the records found^S6. No public regulator finding as of October 2026.

Evidence score: 46 of 100

The score grades how well the record establishes this assessment. It is not a score of Infosys Limited. Score = source authority + directness + corroboration + procedural accuracy + currency + reproducibility.

Timeline

1. 20 September 2019Date of one whistleblower letter^S2
2. 22 October 2019Infosys discloses the complaints and shares fall^S2
3. 10 January 2020Audit committee investigation concludes^S3
4. 24 March 2020Infosys says the SEC concluded its investigation^S4
5. 15 May 2020Infosys sends its last response to Indian regulatory authorities^S6
6. 13 January 2021Quarterly results say all Indian regulatory inquiries were answered^S6

Related cases

• Inquiry concerning Infosys LimitedUS Securities and Exchange Commission. Regulatory. Not published.Stage: Concluded in March 2020, per the company.
  • March 2020 SEC notifies Infosys that it has concluded its investigation^S1S4
• Inquiries concerning Infosys LimitedIndian regulatory authorities (not named in the filing). Regulatory. Not published.Stage: Company says it answered all inquiries, last on 15 May 2020. No outcome found as of October 2026.
  • 15 May 2020 Infosys submits its last response^S6

Responses

• Infosys Limited, 22 October 2019: The chairman said the complaints were being dealt with in an objective manner.^S2
• Infosys Limited, 10 January 2020: Infosys said it found no wrongdoing and the allegations were substantially without merit.^S3

Revision history

• 25 October 2026 Assessment first published with label Unresolved.

Have a record that changes this assessment? See corrections and responses.

Sources

1. S2Tier C Infosys Chairman Says Whistleblower Complaint Being Probed As Shares Plunge 15%Outlook India (Press Trust of India). Press report. 22 October 2019.Reports the allegations and the audit committee's response. It does not test the allegations.Link working, checked 25 October 2026
2. S6Tier B Form of Release to Stock Exchanges, results for the quarter and nine months ended December 31, 2020Infosys Limited (filed with the US SEC). Company filing. Auditor's report dated 13 January 2021.Company disclosure that it had answered all inquiries from Indian regulatory authorities on the whistleblower matter, with a last response on 15 May 2020. It states no outcome of those inquiries.
3. S3Tier C Infosys audit panel absolves CEO Parikh, CFO RoyETV Bharat. Press report. 10 January 2020.Reports the company statement on the investigation result and its scope. The investigation was commissioned by the company.Link working, checked 25 October 2026
4. S1Tier B Statement of Consolidated Audited Results of Infosys Limited and its subsidiaries for the quarter and year ended March 31, 2020Infosys Limited (filed with the US SEC). Company filing. Not stated on the page. Refers to board approval on 20 April 2020.Company disclosure of the investigation, the SEC closure, no restatement and the pending class action. It is the company's own account.
5. S4Tier C Infosys Whistleblower Case: SEC Probe Over, No Further ActionThe Quint (Press Trust of India). Press report. 24 March 2020.Reports the company's statement that the SEC concluded its inquiry. No SEC document is cited.Link working, checked 25 October 2026

Other claims about Infosys Limited

• Partly supported61
  Infosys said in January 2020 that its investigation found the whistleblower allegations substantially without merit and found no evidence of financial impropriety or executive misconduct.
  Company statement, 10 January 20204 records citedAccounting
• Outdated70
  Infosys's April 2020 results said a shareholder class action over the allegations was pending in the Eastern District of New York and the company could not predict its outcome.
  Company statement, 20 April 20202 records citedDisclosure