Infosys shares drop to 10-month low as whistle-blowers target CEO

Re:Infosys shares drop to 10-month low as whistle-blowers ta... by r_singh on Tuesday October 22, 2019 @06:25AM (#21322039)

Not sure what your definition of fraud is (for me it's more like what the British India company did). Wining a tender process that probably needs fixing (because it's obsolete) is not fraud.

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Re:Infosys shares drop to 10-month low as whistle-blowers ta... by close04 on Tuesday October 22, 2019 @06:36AM (#21322089)

Doing it with the intention of underdelivering and ballooning costs and time to make more money is fraud though. And make no mistake, no outsourcing company goes to a tender intending to be on time and on budget. It’s not good business for them.

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Re:Infosys shares drop to 10-month low as whistle-blowers ta... by r_singh on Tuesday October 22, 2019 @06:46AM (#21322136)

And just how commonly do we see such[1] fraud across any business or industry?

Cough, pharmaceutical cos, doctors, social media & search giants, car manufacturing giants. Any of these ring a bell?

[1]As in, the above (your) definition of fraud i.e. misleading customers, by deliberately under delivering and over promising. With this definition, many businesses and accepted practices are fraud.

IMO, true fraud is what VW with their cheating device. Facebook did with integrating WhatsApp profiles. Theranos did with fake IP. Opioid manufacturers do by indirectly incentivising doctors. Don't you think so too?

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Re:Infosys shares drop to 10-month low as whistle-blowers ta... by goatinaboat on Tuesday October 22, 2019 @07:00AM (#21322227)

Theranos did with fake IP

Yes, I agree that Tata and similar companies are on the level of Theranos.

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[dead]

Re:Infosys shares drop to 10-month low as whistle-blowers ta... by close04 on Tuesday October 22, 2019 @08:27AM (#21322822)

> Sounds like a huge personal bias to me my friend.

> I feel sorry for you.

That's very disingenuous and insulting. You're implying you have no bias which anyone reading your comments on this thread would find really hard to believe.

Your whole reasoning relies on accusing everyone else of bias and claiming that other companies also have these shady practices. That's not a defense.

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Re:Infosys shares drop to 10-month low as whistle-blowers ta... by close04 on Tuesday October 22, 2019 @08:19AM (#21322777)

Your argument is "it's not fraud because others do it"? Yes, going forward knowing full well that you have no intention of fulfilling your promises is fraud regardless of "whatabout those guys".

You have at least a dozen comments on this thread defending these practices and pointing fingers at the likes of Theranos as if that's a good justification. If someone needs Theranos to look good they must be pretty shady. Your line of argumentation sounds very biased.

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Re:Infosys shares drop to 10-month low as whistle-blowers ta... by hereiskkb on Tuesday October 22, 2019 @07:44AM (#21322529)

That is just whataboutism. "What about this field?" "What about that cos?"

All of it is fraud. Regardless. Promising results with the intention of not sticking to it is fraud.

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