According to various media reports, iGate recently fired
president and CEO Phaneesh Murthy for
allegedly violating company policy by not disclosing a relationship with one of his employees.
Forbes.com reported last month that iGate
has a workforce of 27,000 people and more than 300 large clients across the
company’s revenues last year were nearly $1.1 billion, a 47-percent
increase over the previous year. Much of the company’s success was credited to
Wall Street Journal reports that iGate received a complaint of sexual
harassment against Murthy. However, an outside investigation could not find any
evidence to support the allegation.
Murthy told reporters via a
conference call on Tuesday that he had a “personal” relationship with a senior
iGate employee but that any claims of harassment were fabricated.
Murthy went on to state that the relationship had recently ended and that he
informed iGate of the relationship after the fact. His admission led to the
investigation, the Wall Street Journal reports.
Murthy is no stranger to such
accusations. According to the Wall Street Journal, Murthy had been accused of
sexual harassment in 2001 and 2003 while working at Infosys in India. Both
cases were settled out of court.