Photo: ReutersBengaluru: Infosys board under chairman Nandan Nilekani on Tuesday gave a clean chit to the controversial Panaya acquisition, saying there was no merit in the allegations of wrongdoing. “After careful consideration led by our Chairman, the Board reaffirms the previous findings of external investigations that there is no merit to the allegations of wrongdoing,” Infosys said in a statement. Narayana Murthy had demanded that the full report by Gibson, Dunn and Crutcher on whistleblower allegations pertaining to the $200 million Panaya deal, be made public. Acknowledging Murthy’s role in building Infosys as also in corporate governance matters, Nilekani said the endeavour, going forward, will be to build a “trusting relationship” with the founder. Questions were raised by stakeholders who have a deeply held passion for Infosys,” the company statement said.

Source: Mint October 24, 2017 12:33 UTC