Infosys co-founder Murthy strikes again, wants Panaya report to be released
By Express News Service | Published: 04th August 2017 10:16 AM |
BENGALURU: Fresh trouble is brewing for Infosys as the IT giant’s co-founder NR Narayana Murthy has asked it to make public the findings of the internal investigation report, conducted based on a whistleblower’s complaint alleging irregularities in certain acquisitions. Earlier this year, Sebi received a complaint alleging irregularities in Infosys’ acquisition of US-based firms Panaya Inc and Skava. After an internal probe, Infosys announced in its filing to BSE that no anomalies were found.
Murthy has now written to the company asking for all the details of the investigation to be made public. However, Infosys has no plans of making the report public. “The probe did not find any evidence of wrongdoing by the management to support the allegations of the anonymous complaint. The summary finding statement of this investigation is also available on our website” Infosys told Express in an email statement.
Speaking to Express, sources closely associated with the company said it would be best for the firm to make the findings public.“Everyone who was associated with the allegations has left the company. Something does not add up here,” they said, adding that since the company has always taken pride in a transparency, they should make the findings public to put the issue to rest.