India’s Infosys says internal investigation found no evidence of wrongdoing | Reuters

India's Infosys says internal investigation found no evidence of wrongdoing | Reuters Reuters By Promit Mukherjee | MUMBAI MUMBAI An internal investigation by India's Infosys (INFY.NS) into alleged improprieties related to two acquisitions by the IT services company found no evidence of wrongdoing, it said on Friday.The findings, released in a statement a day before the company's annual shareholder meeting, may quell some of the investor disquiet that has buffeted Infosys in recent months. Infosys commissioned law firm Gibson Dunn and consultancy Control Risks to look into allegations that a whistleblower made against the company in February.Those accusations included improprieties in the acquisitions of Panaya, a New Jersey-based automation technology provider, and Silicon Valley start-up Skava, as well as inappropriate compensation paid to Infosys Chief Executive Vishal Sikka.The whistleblower also accused Sikka of requesting that improper deals be made with customers, while saying that the company's mergers and acquisitions team acted without proper approvals The post India's Infosys says internal investigation found no evidence of wrongdoing | Reuters appeared first on Firstpost. 1