TCS Bribes-for-Jobs Scandal: Consultancy Firm Fires Four Officials As Rs 100 Crore Corruption Case Unravels, Says Report
TCS has fired four employees as Bribes-for-Job Scam. Recent reports suggest that almost Rs 100 Crore were involved in the scam.
Bengaluru, June 23: TCS has been hit by a new corruption scandal. The company has already sacked four employees as new reports pour in.
According to a recent report by Mint, the new bribes-for-jobs scandal involves a few senior personnel at the company. India To Surpass Rs 120,000 Core in Mobile Exports in Fiscal Year 2023–24, Apple Boost To Cross 50% Share.
The new scandal has shocked the industry as major corporations are expected to have solid safeguards to prevent corruption. It is a first-of-its-kind case for TCS.
The newly uncovered scam is said to have been going on for years. The accused employees were reportedly accepting bribes from staffing firms for giving jobs to their candidates.
The scam surfaced when a whistle-blower wrote a letter to the company's CEO and COO. This letter accused the global head of RMG, ES Chakravarthy of accepting commissions from staffing firms.
Apart from sacking four officials from its resource management group (RMG), the company has also banned three staffing firms. The head of recruitment was also sent on leave. Another official in the RBM division has been sacked as well.
TCS formed a committee of three members to probe the allegations. This included chief information security officer Ajit Menon. The accused are said to have earned at least Rs 100 crore through commissions during the scam.
Tata Consultancy Services (TCS) is one of the biggest IT firms in India. It reportedly hired around 300,000 employees in the last three years. The exact details of the scam are still sketchy. Micron Announces USD 2.75 Billion Investment in Semiconductor Facility in India After PM Modi Meets Micron CEO Sanjay Mehrotra.
Currently, TCS has 614,795 employees. The RMG division hires almost one person per minute. It uses employee referral programmes and staffing firms for new hires, including temporary staff.
(The above story first appeared on LatestLY on Jun 23, 2023 11:09 AM IST. For more news and updates on politics, world, sports, entertainment and lifestyle, log on to our website latestly.com).