Phaneesh Murthy was asked to leave iGate because Araceli Roiz, the company’s head of investor relations, was allegedly pregnant with his child, and the Fremont, California-based IT firm faced the risk of a multi-million dollar lawsuit.
Murthy told the iGate board of his relationship with Roiz only after she informed him that she will be taking legal action against him, Roiz’s legal firm Aiman-Smith & Marcy said in a statement released early this morning May 24, 2013.
“When Araceli Roiz refused to have an abortion, Mr. Murthy attempted to get her to leave the company and keep their relationship a secret,” her legal firm Aiman-Smith & Marcy said in a statement released early May 24, 2013.
“It was not until after Ms Roiz refused to do so and informed him that she would be seeking legal representation and her lawyers contacted Mr. Murthy’s counsel that he reluctantly informed the Board of the relationship, just before the Board would have learned on its own from other sources. On behalf of Ms Roiz, we are contemplating next steps, which will certainly include court action against Mr. Murthy and iGate.”
Araceli Roiz’s legal firm Aiman-Smith & Marcy
Operator: Greetings, and welcome to iGATE Corporation’s Fourth Quarter Fiscal Year 2012 Conference Call. At this time, all participants are in a listen-only mode. A brief question-and-answer session will follow the formal presentation. As a reminder, this conference is being recorded.
It is now my pleasure to introduce your host, Araceli Roiz, Head of Investor Relations for iGATE Corporation. Thank you, Ms. Roiz. You may now begin.
Araceli Roiz – IR Manager: Thank you. Good morning and thank you for joining our call to discuss our 2012 full year and fourth quarter financial results. With me today are Phaneesh Murthy, iGATE’s President and Chief Executive Officer; and Sujit Sircar, iGATE’s Chief Financial Officer……………………..
I will now turn the floor over to Phaneesh.
Phaneesh Murthy – President and CEO: Thank you, Araceli, and good morning to all of you in the U.S. I want to just talk a little bit about both the fourth quarter and the full year…………………..
with her 73 yrs old sibling
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Places Lived: Mountain View, CA, San Carlos, CA, Sunnyvale, CA,
About Araceli Roiz
was born in 1982. Araceli currently lives in Redwood City, California. Before that, she lived in Mountain View, CA from 2009 to 2010. Before that, she lived in San Carlos, CA in 2006.
Araceli Roiz, currently head of investor relation at i-GATE’s US office (as on her profile) has filed a complain of sexual harassment against Murthy. i-GATE did investigation externally and found him guilty of not disclosing relationship and fired him. Nowhere the i-GATE has mentioned that he is guilty of sexual harassment. There are also reports in media that Roiz is pregnant and planning to file a lawsuit against Murthy.
In a press release issued in the early hours of this morning of May 23, 2013 , Araceli Roiz’s lawyers claim she was pregnant with Murthy’s child
Phaneesh Murthy was allegedly asked to leave iGate because Araceli Roiz, iGate’s head of investor relations, was pregnant with his child, and the Fremont California based IT firm faced the risk of multi-million dollar lawsuit.
In a statement released early this morning by her legal firm Aiman-Smith & Marcy, said, “When Ms Roiz refused to have an abortion, Mr. Murthy attempted to get her to leave the company and keep their relationship a secret. It was not until after Ms Roiz refused to do so and informed him that she would be seeking legal representation and her lawyers contacted Mr. Murthy’s counsel that he reluctantly informed the Board of the relationship, just before the Board would have learned on its own from other sources. On behalf of Ms Roiz, we are contemplating next steps, which will certainly include court action against Mr. Murthy and iGate.”
Earlier in the evening Forbes India had asked Phaneesh Murthy if Ms Roiz was carrying his child. In a brief statement sent through his spokesperson Murthy said, “There are always two sides to the truth and now that the matter is definitely heading to court, I can’t comment anymore.”
In an investor call on Tuesday, May 21, iGate said Roiz was on a medical leave.
On May 21 when the news of his resignation became public, Murthy had spoken to forbes over telephone from his residence in Fremont, California. He said he had informed the Chairman of the Board of his relationship with Ms Roiz “a couple of months back”. When asked why he chose that time to speak to the Chairman, Murthy said, “There were a variety of reasons”. He refused to say anymore than this.
94065 Zip Code
Redwood City, CA, population 74,508, is located in California’s San Mateo county, about 13.6 miles from Sunnyvale and 14.3 miles from Fremont.
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