A bribery case has come to light in the renowned IT company Tata Consultancy Services (TCS). Senior officials have been found accepting bribes from staffing firms in order to secure jobs. It is estimated that around 100 rupees were taken as bribes. Four officials involved in the bribery case have been dismissed, while three staffing firms implicated in the scandal have been banned.
According to the report, a whistleblower accused the top officials of TCS in a letter of receiving commissions from staffing companies for several years. Ajit Menon, the Chief Information Security Officer of TCS, led the investigation into the allegations, and a few weeks later, ES Chakravarti, the Global Chief HR Officer of the Resource Management Group (RMG), was sent on leave. The report states that four RMG officers were fired from their jobs, and three staffing firms were placed under a ban.
The estimated transaction involved in exchange for jobs is up to 100 crores. Sources informed Mint that during the ongoing scandal, transactions of up to 100 crores were conducted through commissions. The troubling aspect is that we do not know the magnitude of this scandal and how long it has been going on. According to a source cited in the report, we have only placed over 300,000 people, including contractors, in jobs in the past three years.
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ES Chakravarti Joined TCS in 1997 ES Chakravarti joined Tata Consultancy Services (TCS) in 1997 and worked directly under CEO Natarajan Chandrasekaran. According to the report, he no longer has permission to come to the office. The RMG division manages projects, including approximately 1,400 engineers, on a daily basis, including freshers.
According to a report, a bribes-for-jobs scandal has emerged at Tata Consultancy Services (TCS), resulting in the dismissal of four senior executives. The report states that these executives were found involved in accepting bribes from staffing firms in exchange for securing jobs at TCS.
The investigation, initiated based on a whistleblower’s complaint, revealed that the Global Chief HR Officer of the Resource Management Group (RMG), ES Chakravarti, had been receiving commissions from staffing companies for several years. Ajit Menon, the Chief Information Security Officer of TCS, led the inquiry into the allegations.
Following the investigation, the four implicated executives were terminated from their positions, while three staffing firms involved in the scandal were banned. It is estimated that bribes of approximately 100 rupees were being taken in these cases.
The scale of the scandal is still uncertain, and it is unclear how long it had been ongoing. The report indicates that over the past three years alone, TCS has employed more than 300,000 individuals, including contractors.
The article does not provide further details about the specific actions of the executives or the consequences they may face beyond termination from their positions.
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