Business

This is a case of extortion, says Phaneesh Murthy

  • HT Correspondent, Hindustan Times, New Delhi
  • |
  • Updated: May 21, 2013 04:34 IST

Sacked iGate CEO and president Phaneesh Murthy has denied the charges of sexual harassment against him and claimed that it was a case of extortion.

In an audio conference he said that all the charges against him were "completely false” and he had not violated any company policy.

"This is without doubt a case of extortion. The same lawyer who had represented the woman in 2002 is representing the woman this time as well. You can spot the difference," said former CEO of iGate.

Regarding his relationship with a female employee, he claimed that he had informed the company about it.

"There is no parallel between the 2002 sexual harassment case and this one," said Murthy.

iGate Corporation, a US-listed IT company, sacked Murthy for not disclosing to the management his relationship with a subordinate employee. http://www.hindustantimes.com/Images/Popup/2013/5/2105saxualharrasment2.jpg

The company is also investigating charges of sexual harassment of an employee.

This is the second time that Murthy is facing charges of sexual harassment.

Murthy had to quit in 2002 Infosys when his personal secretary Reka Maximovitch accused him of sexual harassment.

The case was later settled for $3 million in May 2003.

Most iGate's employees are in India.

The company is based in Fremont, California.

After leaving Infosys, Murthy founded a company that was bought by iGate.

In 2011, he teamed up with buyout firm Apax Partners to conduct iGate's $1.2 billion purchase of much-bigger Indian rival Patni Computer Systems.

Murthy recently came out with a strategy to challenge the outsourcing sector's billing model by charging for results instead of basing fees on the time and labour put in by the armies of staff working for India's big firms.

The strategy is meant to appeal to clients with less-certain budgets in a tough economy.

 

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