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Published: Wed, 31 Dec 2014 18:24:09 GMT
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BPO financial irregularities to cost Infosys less than $1 million
Infosys, India's second largest information technology (IT) services company, is likely to book an impact of less than $1 million (Rs 6 crore) due to the financial irregularities in the accounts of its business process outsourcing (BPO) arm, which led to the dismissal of the unit's chief financial officer, Abraham Mathews earlier this week.
More heads may roll at Infosys BPO
Infosys is an ethical company with solid processes that respects its customers and this is not going to affect their business, he added.
Infosys BPO sacks CFO for violating norms, CEO quits
IT major Infosys on Tuesday showed the door to Abraham Mathews, CFO of its BPO subsidiary, for not complying with the code of conduct, while CEO Gautam Thakkar has resigned taking responsibility on moral grounds.