A report in business news website Mint had said that a whistleblower had written to the company’s chief executive officer and chief operating officer alleging that ES Chakravarthy, head of TCS’s Resource Management Group (RMG), collected commissions from staffing firms over the years. are taking Following this complaint, the company formed a team of three senior executives, including TCS Chief Information Security Officer, Ajit Menon, to investigate the allegations.
In this report, it was told that the company has sent the head of recruitment on leave and sacked four executives from RMG after the investigation. Apart from this, three staffing firms have been blacklisted. However, information about the blacklisted staffing firms is not available. In this report, quoting an executive, it was said that the people involved in this scam may have received around Rs 100 crore through commission. In this regard, a TCS spokesperson said, “Complaints about violations of the code of conduct are received regularly. The company has a robust process to investigate and resolve them.”
On this issue, TCS has said in a statement to the stock exchanges, “We have examined the allegations made in the complaint. The investigation found that these allegations do not pertain to any fraud on the part of the company or against the company. There is no financial impact. The context of the alleged scam is incorrect. None of our key people at the manager level are involved in the impropriety. The issue relates to violations of the code of conduct by vendors providing certain employees and contractors. ” Generally, large IT companies like TCS recruit executives through employee referral programs and staffing firms. Apart from this, the service of staffing firms is taken to hire temporary workers or contractors in the company.
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