TCS hit by bribe-for-job scandal; 4 fired, 3 HR consulting firms blacklisted
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One of India's leading IT firms, Tata Consultancy Services (TCS) has been thrown into turmoil as a bribery scandal involving senior personnel has come to light.
A few senior executives responsible for hiring critical personnel at the company were accepting bribes from the staffing firms for giving jobs to their candidates, for years.
According to a report by Mint, a whistleblower wrote to the company’s chief executive officer (CEO) and chief operating officer (COO) alleging that ES Chakravarthy, global head of TCS’ resource management group (RMG), has been accepting commissions from the staffing firms for years.
Following the complaint, the company formed a team of three executives, comprising TCS’s chief information security officer, Ajit Menon, to investigate the matter.
After the investigation, TCS sent the head of recruitment on leave, dismissed four executives, and blacklisted three staffing firms.
Chakravarthy, who holds the position of vice president, has been debarred from coming to the office but his email id is still active, the mint report further added.
In the last 3 years, TCS has hired 3 lakh workforce and it is estimated that those involved with the scam inside the company could have amassed Rs 100 crore through the same. They are believed to have money in exchange for allotment of jobs.
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