Infosys plunges 16 pc on whistleblower complaint

Agencies
October 22, 2019

New Delhi, Oct 22: IT services firm Infosys on Tuesday plummeted 16 per cent on concerns over a whistleblower complaint which alleges that  two of the company's top executives were indulging in unethical practices to increase short-term revenue and profits.

The scrip plunged 15.94 per cent to Rs 645.35 on the BSE.

On the NSE, it tanked 15.99 per cent to Rs 645.

Infosys on Monday had said the whistleblower complaint has been placed before the audit committee as per the company's practice, and that it will be dealt with in accordance with the company's whistleblowers policy.

According to reports, the complaint by a group that calls itself "ethical employees" had alleged CEO Salil Parekh and CFO Nilanjan Roy were indulging in "unethical practices" to boost short-term revenue and profits.

"The whistleblower complaint has been placed before the audit committee as per the company's practice and will be dealt with in accordance with the company's whistleblowers policy," Infosys said in a statement.

In a statement on Tuesday, Infosys Chairman Nandan Nilekani said the company's audit committee will conduct an independent investigation on whistleblower allegations.

The committee began consultation with independent internal auditors EY, and has retained law firm, Shardul Amarchand Mangaldas & Co. to conduct an independent investigation, Nilekani noted in his statement to the stock exchanges.

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News Network
August 24,2024

Udupi: A young woman was allegedly drugged and raped after being kidnapped in Karkala town of Udupi district, police said on Saturday.

Police have arrested two persons in the case and registered a case under sections of abduction and rape of Bharatiya Nyaya Sanhita (BNS).

Udupi superintendent of police Dr Arun K said that the arrested accused have been identified as Altaf and Xavier Richard Quadros. As per the preliminary investigation the survivor woman and accused Altaf, knew each other from past three months through Instagram and hail from the same locality.

Altaf had allegedly called the woman on Friday afternoon and asked her to meet him. When the victim arrived at the decided spot, she was allegedly kidnapped in a vehicle. Two of Altaf’s friends also joined him. Later, Altaf forced the woman to drink alcohol and raped her. The accused had allegedly spiked the drink.

After committing the crime the accused had dropped the victim home, the SP said.

"The rape accused Altaf and another person identified as Savera Richard Kardosa who supplied beer bottles to the accused, have been arrested and their vehicles have been seized. The victim has been shifted to KMC Manipal Hospital for treatment. The legal procedures will be completed as per the law and further action would be initiated in the case," the SP stated.

He added that on social media, false news regarding the incident which was not in the complaint filed with the police and the medical report is being spread.

“We will investigate who is behind spreading the false news about the case and initiate action," he warned.

The case has been registered under Sections 135, 64, 3(5) of the BNS Act.

The statement of the victim would be recorded before the court and legal action would be initiated against the accused, the SP stated.

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News Network
August 23,2024

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Udupi: What began as a new chapter filled with promise and dreams ended in unthinkable tragedy on Friday night in Karkada, near Saligrama in Brahmavara taluk of Udupi district. Jayashree, a 31-year-old woman who had hoped for a fresh start after her first husband's death, was found dead, allegedly at the hands of her second husband, Kiran Upadhya.

Jayashree, originally from Donagapura in Bidar, was married to Kiran, 41, an assistant cook in temples and a resident of Gundmi, Sastan. The couple had tied the knot just eight months ago, seemingly looking forward to building a life together. However, beneath the surface, their relationship was fraught with tension and conflict.

Jayashree was reportedly passionate about creating reel videos for social media. Her videos often featured herself, and sometimes, her husband. To the outside world, these clips portrayed a loving and playful couple, but behind the camera, the couple struggled with growing disagreements and frustrations.

Kiran found it increasingly difficult to cope with Jayashree's online habits. Her addiction to making videos was accompanied by an equally consuming passion for online shopping, which drained the couple's finances. She would often spend large sums on items they didn't need, adding to the financial strain on their young marriage. Jayashree also dreamed of a life filled with luxury—a big house, a fancy car, and more—demands that Kiran, with his modest income, could not meet.

Coming from a family of temple priests in the Panchamasali community of Bidar, Jayashree had seen her share of loss and hardship. Her first husband, a man from Mangaluru, had passed away, leaving her to rebuild her life. In Kiran, she saw a chance at stability, but their dreams soon turned to dust. After just two months of marriage, they moved into a rented house in Karkada, owned by an acquaintance. It was there that their disagreements over money and material possessions reached a boiling point.

On Thursday night, the situation escalated into a heated argument. In a moment of rage, Kiran allegedly attacked Jayashree with a sickle, ending her life. The landlord, who lived downstairs, was away in Mangaluru, leaving the crime unnoticed until it was too late.

In a state of panic, Kiran tried to cover up what he had done. He initially planned to bury Jayashree's body in a cow dung pit but quickly changed his mind. Desperate, he called friends and relatives, claiming his wife had fallen from the first floor and was unresponsive. Sensing something was amiss, they urged him to take her to the hospital.

At around 5:30 a.m., Kiran called for a Jeevan Mitra ambulance and rushed Jayashree to the government hospital in Udupi. Sadly, it was too late—doctors declared her dead on arrival.

Returning home, Kiran attempted to clean up the evidence of his crime, but by then, the neighbors were suspicious. They noticed his strange behavior and immediately contacted the police. Authorities arrived at the scene, took Kiran into custody, and began their investigation into what had led to such a devastating outcome.

Udupi Additional SP S.T. Siddalingappa, DySP D.T. Prabhu, Brahmavar Circle Inspector Divakara, and other police personnel visited the crime scene to gather evidence. Meanwhile, Jayashree's family, who were expected to arrive in Kota on Saturday, are left to mourn the sudden and violent loss of their loved one.

Locals have since revealed that Kiran's actions were premeditated. He reportedly purchased a new sickle from the local market on Thursday evening and had spoken ill of Jayashree to friends and family in the days leading up to the incident, hinting at a darkness that would soon shatter both their lives.

In the end, what was meant to be a new beginning for Jayashree and Kiran became a heart-wrenching story of a love that could not survive its struggles, leaving behind grief, questions, and an irrevocable loss.

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News Network
August 28,2024

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Mangaluru: The Mangaluru City police have apprehended two individuals in connection with the recent stone-pelting incident at the residence of MLC Ivan D'Souza.

City Police Commissioner Anupam Agrawal identified the suspects as Bharat, also known as Yakshith, aged 24, and Dinesh Kurthamogeru, aged 20. Bharat, a driver from Bolantoor village in Bantwal taluk, has a history of three previous assault cases. Dinesh, who works in finance collection in Kanyana, hails from Kolnadu village in Bantwal taluk and has one prior assault case.

Following the incident, an FIR was lodged at the Mangaluru South police station. A special investigation team, led by ACP Central Sub-Division Pratap Singh Thorat, was formed to track down the culprits. The team conducted a thorough investigation, meticulously reviewing CCTV footage, verifying vehicle information, and gathering statements from eyewitnesses.

During interrogation, the accused confessed to the crime, citing anger over statements made by MLC D'Souza as their motive. They admitted that, after dining at Fish Crown Hotel around 9:30 pm, they impulsively decided to throw stones at D'Souza's residence.

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