Whistleblower's heat on Infosys board, questions U-turn on Panaya

Writes to Indian, US regulators seeking accountability for 'dud acquisitions'

A whistleblower on Saturday wrote to regulators in the US and India seeking accountability of the Infosys board that in 2015 approved the decision to buy Panaya and Skava, two subsidiaries, which the information technology giant put on the block on Friday. These acquisitions have been described as “value-less”.

The Bengaluru-headquartered company on Friday said it was looking for potential buyers for Panaya and Skava. A strategic review conducted by the current management decided to focus on select segments that are aligned with the company’s new four-pillar strategy. 

The company also wrote down $90 million (Rs 5.9 billion) in the