Infosys, India's second-largest IT services
exporter, said on Tuesday it had fired Abraham Mathews, chief
financial officer of its Infosys BPO unit, for failure to comply
with the company's code of conduct.
Infosys BPO chief executive officer Gautam Thakkar resigned on
"moral grounds" and would leave the company on Nov. 30, Infosys
said. It did not give details about the charges against Mathews.
Infosys spokeswoman Sarah Gideon said the company would not
comment further on the confidential investigations.
"The financial irregularities are not material in nature and the
company has already made required disclosures. The company has
taken disciplinary action on employees," she said in an email.
Apple did not immediately respond to an email sent outside
business hours seeking comment.
The irregularities in Infosys BPO's dealings with Apple came out
during an internal audit, said one of the people at Infosys, who
declined to be named as he was not authorized to speak to the
Though the audit showed that the financial impact of the
wrongdoing on the company was minimal, Infosys decided to take a
tough stance to demonstrate its "zero-tolerance policy for any
improper conduct," he said.
The Economic Times newspaper on Thursday said Infosys would soon
fire at least six more employees at the unit, after
investigations revealed that they had produced inflated invoices
and allegedly overbilled Apple for many months.
Infosys earlier this year brought in Vishal Sikka as its new CEO
to chart a new strategy for the company, once a trend-setter for
India's more than $100 billion IT outsourcing industry. Infosys
has struggled in recent years to retain staff and market share.
(Reporting by Nivedita Bhattacharjee in Mumbai; Editing by
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