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This Article is From Nov 08, 2019

Ask Nandan Nilekani Or Almighty, Says SEBI Chief Ajay Tyagi On Infosys Chairman’s God Remark

Ask Nandan Nilekani Or Almighty, Says SEBI Chief Ajay Tyagi On Infosys Chairman’s God Remark
Ajay Tyagi, chairman of the Securities and Exchange Board of India. (Photographer: Mitesh Bhuvad/PTI)

Two days after Infosys Ltd. Chairman Nandan Nilekani invoked god to defend his firm's financials, SEBI Chairman Ajay Tyagi said an investigation into the whistleblower case is ongoing.

"I think Infosys has very strong processes, I think even God cannot change numbers of this company,” Nilekani had said during an analyst meeting on Tuesday.

"You have to ask him or you can ask God," Tyagi told reporters when asked about his view on Nilekani's comments.

The SEBI chairman, however, refused to comment on the whistleblower allegations, but said the case is being investigated.

"Investors should draw their own conclusions. Whatever we have to do, we are doing. Whatever is the outcome you would know," Tyagi said.

On whether information on the Infosys whistleblower case has been shared with the United States Securities and Exchange Commission, since the IT firm is listed in that country, Tyagi said it's a confidential correspondence between the two market regulators. He refused to elaborate.

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