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Infosys' Panaya deal: All you need to know about the red flags Murthy waved

Full text of Murthy's July 8 letter to Infosys board pointing out corporate governance issues

Narayana Murthy
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Infosys Executive Chairman N R Narayana Murthy addresses a press conference at Infosys headquarters in Bengaluru on Thursday

BS Web Team
In a letter to the Infosys board, co-founder N R Narayana Murthy recently made known his displeasure over the company’s governance lapses. Even as the content of the letter were not known so far, there was much speculation, especially over the co-founder’s suggestion that the Gibson, Dunn & Crutcher report over alleged wrongdoings in the Panaya deal be made public.

To dispel the rumours “being circulated about my letter to the Infosys board dated July 08, 2017”, Murthy on Friday made public the full text of the letter. Clarifying that he had no vested interest for himself or his family