IT services

Organizations

• Infosys LimitedIndia. 3 claims, 3 cases.
• Satyam Computer Services LimitedIndia. 4 claims, 3 cases.

Claims

• Supported1
• Partly supported2
• Outdated2
• Unresolved2

• 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.
  Infosys LimitedCompany statement, 20 April 20202 records citedDisclosure
• 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.
  Infosys LimitedCompany statement, 10 January 20204 records citedAccounting
• Unresolved46
  Anonymous whistleblowers alleged in 2019 that Infosys's chief executive and chief financial officer used unethical practices to boost short-term revenue and profit.
  Infosys LimitedPress report, 22 October 20195 records citedAccounting
• Outdated80
  SEBI ordered in July 2014 that Satyam's founder and others return Rs 1,849 crore in unlawful gains with interest and barred them from the securities market for 14 years.
  Satyam Computer Services LimitedPress report, 12 May 20175 records citedMarket conduct
• Supported72
  A Hyderabad court convicted Satyam's founder and nine others in April 2015 and sentenced them to seven years' rigorous imprisonment.
  Satyam Computer Services LimitedPress report, 11 May 20153 records citedFraud
• Unresolved50
  Lawyers for Satyam's founder told a Hyderabad court in July 2010 that he never wrote the January 2009 confession letter.
  Satyam Computer Services LimitedPress report, 9 March 20153 records citedFraud
• Partly supported76
  Satyam's books overstated its cash and bank balances by Rs 5,040 crore, as its founder wrote to the board in January 2009.
  Satyam Computer Services LimitedCompany statement, 7 January 20094 records citedAccounting