Infosys CEO Hit With Another Whistleblowing Case: He Spends Rs 22 Lakh/Month On Air Travel!
More bad news coming in for Infosys now, as another whistleblower can put forth another major allegation against their CEO Salil Parekh.
This time, the whistleblower is from their Bangalore office, working in the finance department.
The earlier whistleblowers had sent the complaints to the US Securities and Exchange Commission (SEC) and Infosys management..
In both cases, the names and identities of the whistleblowers hasn’t been revealed.
2nd Whistleblowing Case Against Infosys CEO
As per this fresh allegations, Infosys CEO Salil Parekh is violating the company’s rules and regulations, by not staying in Bengaluru.
The whistleblower has alleged that is living in Mumbai, whereas Infosys’ rules specifically states that the CEO needs to be present in Bengaluru, where the organization’s headquarters are located.
The letter from the whistleblower states: “Though it is a year and 8 months since Parekh joined the company, he operates from Mumbai in violation of the condition that the CEO has to be based in Bengaluru and not Mumbai. What is stopping the board to insist on his movement to Bengaluru?”
This letter has been shared with Infosys Chairman and co-founder Nandan Nilekani and independent directors on the Board.
Infosys CEO Spends Rs 22 Lakh Per Month On Air Travel
Further alleging ‘misdeeds’ of the CEO, the whistleblower states that CEO ‘leisurely’ leaves Mumbai at 10AM flight, twice a month, reaches Bengaluru at 11.30 AM, and then reaches Bengaluru office at 1.30PM.
Next day, he leaves for Mumbai.
In this exercise, which happens twice a month, Infosys as the company spends Rs 22 lakh on this unnecessary travel.
The letter explains the expenditure: “Four business class tickets per month plus home to airport drop in Mumbai, airport pick-up in Bengaluru and drop on the return journey,”
There has been no reaction from Infosys on these fresh sets of allegations till now.
In the last whistleblowing case, it was alleged that CEO Salil Parekh used racist remarks against some Board Member, and used wrong numbers to showcase growth rate to investors and shareholders.
Investigation for these allegations are still on, but Infosys has given a clean chit to themselves.
We will keep you updated, as more details come in.