Country’s largest IT firm Tata Consultancy Services Ltd (TCS) on Sunday said it has concluded investigation into the hiring scam and has sacked 16 employees involved in it.
Besides, six vendor entities, their owners and affiliates have been debarred from doing any business with TCS, the software major said in an exchange filing.
In June this year, a media report said that some of the senior executives of TCS were accepting bribes from staffing firms to provide jobs to their candidates. TCS, on June 23, said it launched a review to examine allegations pertaining to the Resource Management function.
“Our investigation found 19 employees to be involved and action has been taken against all as detailed here – 16 employees have been separated from the Company for code of conduct violations, and 3 employees have been removed from the Resource Management function,” the company said.
TCS reiterated that the scam does not involve any fraud by or against the company and there is no financial impact.
The issue relates to breach of the company’s code of conduct by certain employees and vendors supplying contractors and no key managerial person of the company has been found to be involved.
The company said it would continue to enhance its governance measures, including regular rotation of personnel performing key roles in the resource management function and enhanced analytics on supplier management. It will also involve periodic declarations by vendors on compliance to the Tata code of conduct and know your supplier process to cover additional declarations, and vendor management process audits.
