BENGALURU: Infosys founder N R Narayana Murthy on Tuesday said he used to be disenchanted with core questions nonetheless unanswered, which contains how and why Infosys board approved an extraordinary and unparalleled severance cost settlement of 1000 consistent with cent to former CFO Rajiv Bansal.
"I am disappointed. The core question still is how and why the Infosys board approved an unusual and unprecedented severance payment agreement of 1000 per cent (of the standard Infosys employment contracts) to the former CFO," he said in a remark right here.
The remark used to be in reaction to the corporate remark that the review undertaken on Panaya issue had confirmed "appropriate" and "timely disclosures" have been indeed made on severance payments to former CFO Rajiv Bansal.
"Also, why the board did not disclose this information proactively and much earlier. Sadly, it appears nobody will know the truth," he said.
Earlier within the day, the Board beneath chairman Nandan Nilekani had given a clean chit to Panaya acquisition, announcing there used to be no merit within the allegations of wrongdoing.
Murthy also said he stands by means of each and every question on deficient governance raised in his speech to Infosys investors on August 29, 2017.
Murthy said truth remains none of these questions were responded by means of Infosys board with transparency it merits.
Earlier, Murthy had demanded that complete record by means of Gibson, Dunn and Crutcher on whistle blower allegations referring to the USD 200 million Panaya deal, be made public.
"I am disappointed. The core question still is how and why the Infosys board approved an unusual and unprecedented severance payment agreement of 1000 per cent (of the standard Infosys employment contracts) to the former CFO," he said in a remark right here.
The remark used to be in reaction to the corporate remark that the review undertaken on Panaya issue had confirmed "appropriate" and "timely disclosures" have been indeed made on severance payments to former CFO Rajiv Bansal.
"Also, why the board did not disclose this information proactively and much earlier. Sadly, it appears nobody will know the truth," he said.
Earlier within the day, the Board beneath chairman Nandan Nilekani had given a clean chit to Panaya acquisition, announcing there used to be no merit within the allegations of wrongdoing.
Murthy also said he stands by means of each and every question on deficient governance raised in his speech to Infosys investors on August 29, 2017.
Murthy said truth remains none of these questions were responded by means of Infosys board with transparency it merits.
Earlier, Murthy had demanded that complete record by means of Gibson, Dunn and Crutcher on whistle blower allegations referring to the USD 200 million Panaya deal, be made public.
Murthy stands firm on allegations, questions Infy board again
![Murthy stands firm on allegations, questions Infy board again]()
Reviewed by Kailash
on
October 25, 2017
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