Infosys says it's not named in FIR filed by CBI in relation to Income Tax fraud

IT giant Infosys said that it has not been named in the First Information Report (FIR) filed by the Central Bureau of Investigation (CBI) in relation to the alleged Income Tax fraud, and clarified that the central agency has not reached out to Infosys over this case.

"Infosys Limited is not named as an accused party in the said FIR," Infosys said in a letter to the exchange. "So far we have not been contacted by the CBI in connection with this matter.”

Infosys said that it will co-operate with law enforcement agencies as and when they are approached. "As per our obligations under the SEBI Listing Regulations and the Company's Disclosure Policy Infosys will make appropriate disclosures," Infosys said.


The software system for processing IT returns and refunds for the entire country known as Central Processing Centre (CPC) is managed and operated by Infosys.

The IT department recently detected a refund fraud involving 250 private sector employees, and a case was filed by the CBI in relation to 1010 instances of fraudulent claims of tax refunds. CBI suspects the role of a section of tax officials posted at CPC working in connivence with some Infosys executives at CPC in the refund scam. They allegedly showed inflated loss on house property in their revised IT returns, and claimed refunds totaling Rs 5 crore.

The report says that Nagesh Sastri, a south Bengaluru resident, helped them make these fraudulent claims for assessment years 2014-15, 2015-16 and 2016-17.

Infosys said that it has taken note of the media articles in relation to the alleged fraud concerning the IT department and will cooperate with the CBI in making appropriate disclosure when needed.