TCS hit by ‘bribe for jobs’ scandal; 4 executives sacked: Report

Expertise main Tata Consultancy Providers has been reportedly hit by a ‘bribe-for-jobs’ scandal after few senior government answerable for hiring 1000’s of personnel allegedly obtained bribes from staffing corporations.

Firms like TCS ideally rent workers by means of referral programmes and staffing corporations.(Bloomberg)

In a communication to the TCS chief government officer and chief working officer, a whistleblower had alleged that the worldwide head of TCS’ useful resource administration group, ES Chakravarthy, accepted commissions from staffing corporations for years.

Performing on the grievance, TCS reportedly arrange a panel of three executives together with chief data safety officer Ajit Menon to probe the allegations, HT’s sister web site Livemint reported.

After weeks of probe, TCS despatched Chakravarthi on depart, sacked 4 executives of the recruitment group and blacklisted three staffing corporations. The corporate is but to disclose the dimensions of irregularities. However one of many two executives talked about above mentioned these concerned within the rip-off allegedly earned not less than 100 crore by way of commissions.

The under-fire staffing division head had joined the corporate in 1997. He used to report back to the COO Natarajan Ganapathy Subramaniam and has now been debarred from coming to workplace. This e mail ID remains to be lively, the web site had learnt.

The useful resource administration group, often known as RMG, is 3,000-staffers robust and locations virtually 1,400 engineers together with new recruits on initiatives day by day. Final yr, TCS earned $27.93 billion in income and has 6,14,795 workers.

Normally, firms like TCS ideally rent workers by means of referral programmes and staffing corporations. These corporations rent short-term staff or contractors. It’s the first such improvement within the firm since Okay Krithivasan joined TCS as CEO on June 1.

An government on situation of anonymity mentioned it isn’t recognized for the way lengthy this alleged rip-off was happening. The manager mentioned the corporate employed over three lakh folks prior to now three years. Even when ten per cent of the recruitment was made by way of chosen staffing corporations who gave a fee on every individual recruited, then the dimensions of the rip-off could be not less than 100 crore.

Source link

Disclaimer:

The RSS feed information web site supplies information articles from numerous sources for informational functions solely. The positioning doesn’t assure the accuracy, reliability, or completeness of the knowledge introduced. Customers ought to confirm data from different sources and use it at their very own danger. The positioning doesn’t endorse any specific viewpoint or product talked about within the articles. Exterior hyperlinks offered are for comfort solely, and the positioning is just not answerable for their content material. By utilizing this web site, customers conform to the above disclaimer.

Similar Posts

Leave a Reply

Your email address will not be published. Required fields are marked *