Over the last few weeks, Infosys has been in the news for trouble over Vishal Sikka’s salary, Rajiv Bansal’s severance pay and now the Panaya acquisition. Photo: MintBengaluru: Infosys Ltd will investigate claims levelled by a whistle-blower in an email against the management and the board of alleged wrongdoing when it bought Panaya Ltd, the Israeli automation technology firm, although India’s second largest software firm strongly refuted all such allegations. On Monday, Infosys, in a statement said that the “assertions made in the letter are libelous and are aimed at tarnishing the image of Infosys and its management”. “We categorically state that no member of the Infosys management team was involved in any prior investments in Panaya, and insinuations that anyone from the management team at Infosys benefitted from this (Panaya) acquisition are misleading and slanderous,” said the statement. ALSO READ | Infosys ceasefire leaves three questions unansweredInfosys clarified that in the case of Panaya, all the requisite steps in this process were followed.

Source: Mint February 20, 2017 16:41 UTC