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Why Infosys Stock Fell 14.9% in October

TheMotleyFool

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Shares of Infosys (NYSE: INFY) slipped 14.9% in October, according to data from S&P Global Market Intelligence. The stock fell after claims that CEO Salil Parekh and CFO Nilanjan Roy had engaged in unethical practices were made public.

Infosys announced on Oct. 21 that it had received information from anonymous employees at the company that its CEO and CFO had engaged in reporting practices that violated federal securities standards. The complaints allege that the executives had taken steps to improve the appearance of Infosys's short-term sales and profits.

Image source: Getty Images.

Source Fool.com

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