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Money News

Infosys says audit committee finds no evidence of financial impropriety

An employee walks past a signage board in the Infosys campus at the Electronics City IT district in Bangalore, February 28, 2012. REUTERS/Vivek Prakash/File Photo

BENGALURU (Reuters) - Infosys Ltd, India’s No. 2 IT services exporter, said on Friday that its audit committee found no evidence of financial impropriety or executive misconduct.

A letter, claimed to have been written by some employees of the company in October, said Chief Executive Officer Salil Parekh asked them and others to bypass approvals for large deals fearing a negative impact on shares from reduced profit.

Reporting by Nallur Sethuraman in Bengaluru; Editing by Maju Samuel

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