India’s largest IT services company, Tata Consultancy Service (TCS) are into the headlines for its involvement in bribes-for-jobs scam.
According to the sources, for years now, few senior executives at the IT Company were taking bribes from staffing firms in exchange for providing jobs to their candidates.
The company uncovered the scam when a whistleblower wrote to the company’s CEO and COO claiming that the global head of RMG, ES Chakravarthy, had been accepting bribes from the staffing firms involved in hiring candidates.
Post that, the IT major formed a three-member committee, which included Chief Information Security Officer Ajit Menon, to investigate the allegations.
In view of the scam, the Company has sacked four officials from its Resource Management Group (RMG) and banned three staffing firms.
