NR Narayana Murthy: Upset by Infy board's charges, will react at right time

New Delhi, Aug 18 Infosys co-founder NR Narayana Murthy today said he is not looking for "any money, position for children, or power", while communicating anguish over the board's assertions that his "ceaseless ambush" prompted Vishal Sikka stopping as CEO.

Murthy, who has been in a long-running fight with the board and best administration of the organization he founded with six others more than three decades back, said his worry principally was the "deteriorating standard" of corporate governance at Infosys.

He likewise questioned the examinations that cleared the technology major of all charges of mismanagement.

In an unexpected declaration, Infosys today said Sikka has stopped as CEO after almost three years on the post.

It issued a strongly-worded statement prior in the day pointing the finger at Murthy's "nonstop strike" as the essential explanation behind Sikka's stopping.

The company's board alleged that Murthy has more than once made "improper" requests, which are conflicting with his expressed want for more grounded administration and that his "battle" has heightened after some time.

"I am to a great degree anguished by the claims, tone and tenor of the announcements... I will answer to these charges in the correct way and in the correct discussion and at the fitting time," Murthy said in a messaged proclamation.

Murthy said a few investors, who have perused the shriek blower report, had revealed to him that an "unbiased and target examination" is not held in the way in which Infosys' test happened.

"...several shareholders who have read the whistle-blower report have told me that it is difficult to trust a report produced by a set of lawyers hired by a set of accused, giving a clean chit to the denounced and the charged declining to unveil why they got a perfect chit!" Murthy joked.

He additionally stated: "They say this is not the way an unbiased and objective investigation should be held".


Infosys Chairman R Seshasayee reacted to Murthy's charges saying the proposal that prestigious law and review firms will plot with the Board and neglect "offenses" of the CEO and post a spotless report, is "totally untenable".

Seshasayee and co-chairman Ravi Venkatesan, in any case, discounted any legal activity against Murthy.