Infosys rules out irregularities in Panaya deal, severance pay to Bansal

In a statement to stock exchanges, Infosys says chairman Nilekani conducted a review of external probes and was convinced there were no irregularities

Infosys Technologies, India’s second-biggest information technology services company, on Tuesday, reaffirmed the previous findings of external investigations into the alleged wrongdoings in the firm’s Panaya deal and a severance payment to former chief financial officer Rajiv Bansal.

“As previously indicated, the chairman (Nandan Nilekani) has conducted a review of all the external investigations into certain anonymous complaints the company had previously received. The review covered a range of matters…, including the acquisition of Panaya which was completed by the Company in February 2015 and the severance payments to the former CFO,” Infosys said in its statement to stock exchanges.

The statement also