One of India's leading IT firms, Tata Consultancy Services (TCS) has been thrown into turmoil as a bribery scandal has come to light.
Those responsible for hiring critical personnel at the company were reportedly 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) highlighting this.
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.
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.