 "Rajiv Bansal and Infosys are fighting a separate arbitration after the ex-CFO filed a case against the firm for violating terms of settlement")
Kiran Mazumdar-Shaw, a board member at Infosys, has sought an end to fresh concerns raised over alleged irregularities in the severance pay offered to former chief financial officer (CFO) Rajiv Bansal, saying that the company’s co-founder and Chairman Nandan Nilekani had reinvestigated the issue and found no wrongdoing.
Mazumdar-Shaw’s appeal for a closure comes after an internal whistle-blower recently asked market regulator Securities and Exchanges Board of India (Sebi) to order an independent forensic probe on the $200-million acquisition of Israeli tech firm Panaya and the subsequent deal of Rs 23-crore severance pay to Bansal.
Last week, Infosys
Mazumdar-Shaw’s appeal for a closure comes after an internal whistle-blower recently asked market regulator Securities and Exchanges Board of India (Sebi) to order an independent forensic probe on the $200-million acquisition of Israeli tech firm Panaya and the subsequent deal of Rs 23-crore severance pay to Bansal.
Last week, Infosys
