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'Reacting to Phaneesh's charges will embarrass him'
Sunday, May 11 2003 20:55 Hrs (IST)

Bangalore: Software major Infosys on May 11 declined to comment on charges made by former director Phaneesh Murthy against the company but said its reaction would only cause "acute embarrassment" to the latter.

"Our reacting to statements from Phaneesh Murthy will cause him acute embarrassment. Hence, at this point, we do not want to respond," a Infosys spokesperson said.

Phaneesh Murthy in a statement from Fremont, California, said that he would not have liked the $ 3 million out-of-court settlement by Infosys with former Infosys employee Reka Maximovitch, for a sexual harassment lawsuit she filed against Phaneesh Murthy and the company.

He also accused Infosys of retaliating against him by retaining the rights of legal action due to a legal battle he has waged against the software firm.

Phaneesh Murthy said his lawyers had initiated action to retrieve his vested and paid-for shares, which he accused Infosys of withholding.

PTI

Related Links
Infy settlement is revenge against me: Phaneesh
Infosys shells out $ 3 mn to settle sexual lawsuit

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