Highlights

  • The scandal was a code of conduct violation and not a systemic failure: TCS CEO & MD K Krithivasan
  • TCS sacked 4 officials after bribe-for-job scandal broke out

Latest news

Punjab’s green stamp paper initiative boosts industrial growth and transparency

Punjab’s green stamp paper initiative boosts industrial growth and transparency

Punjab Speaker condemns mistreatment of deported Indians, urges youth to stay

Punjab Speaker condemns mistreatment of deported Indians, urges youth to stay

NRI Punjabis can now apply online for document countersigning, says minister Dhaliwal

NRI Punjabis can now apply online for document countersigning, says minister Dhaliwal

Punjab government distributes Rs 7 crore for child welfare and support

Punjab government distributes Rs 7 crore for child welfare and support

India in ICC Champions Trophy: A look back at their performances over the years

India in ICC Champions Trophy: A look back at their performances over the years

NHRC hosts training for IFS officers on forest conservation and human rights in Dehradun

NHRC hosts training for IFS officers on forest conservation and human rights in Dehradun

Supreme Court grants Ranveer Allahbadia interim protection from arrest, criticizes his remarks

Supreme Court grants Ranveer Allahbadia interim protection from arrest, criticizes his remarks

Realme P3 Pro Review: Premium Design, Affordable Price

Realme P3 Pro Review: Premium Design, Affordable Price

TCS bribes-for-jobs scandal: TCS CEO K Krithivasan speaks out

TCS CEO and MD K Krithivasan while speaking about the bribe-for-job scam said that it is difficult to detect a code of conduct violation in an organisation that has about six lakh employees

Video Player is loading.
Current Time 0:00
Duration 0:35
Loaded: 0%
Stream Type LIVE
Remaining Time 0:35
 
1x
    • Chapters
    • descriptions off, selected
    • captions off, selected
    • default, selected

    I-T giant Tata Consultancy Services was shook by the bribe-for-jobs scandal last month. Now, the company's CEO K Krithivasan has spoken out about the scam.

    In an interview to Economic Times, he mentioned that the scandal was a one-off code of conduct violation and not a systemic failure. He also added that the incident was swiftly dealt with and had no impact on relationships with clients.

    Also Read: TCS hit by bribe-for-job scandal; 4 fired, 3 HR consulting firms blacklisted

    He further said that it is difficult to detect violation of code of conduct in an organisation that employs six lakh employees. However, he assured that the core values are very important for the company.

    When questioned about clients' reaction on the scandal the CEO said that it has not left any negative impression on the associates and that they are happy with the action. He also assured that the right message was sent as the head of the recruitment team was changed.

    Also Read: Amid probe into Rs 100 crore Bribe-for-Jobs scandal, TCS names new hiring head

    So far, TCS has sacked 4 officials and has blacklisted 3 HR consulting firms after the bribe-for-job scam came to light. A few senior executives had been taking bribes from staffing firms in exchange for providing jobs to their candidates. 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.

    Tele SerialMithaiGaatchora

    ADVERTISEMENT

    Up Next

    TCS bribes-for-jobs scandal: TCS CEO K Krithivasan speaks out

    TCS bribes-for-jobs scandal: TCS CEO K Krithivasan speaks out

    Stock markets end eight-day losing run on buying in RIL, HDFC Bank

    Stock markets end eight-day losing run on buying in RIL, HDFC Bank

    Global stock market indices: How the world markets performed today - 17 February 2025

    Global stock market indices: How the world markets performed today - 17 February 2025

    Indian stock market sector-wise performance today - February 17, 2025

    Indian stock market sector-wise performance today - February 17, 2025

    Top 5 Nifty 50 gainers today – February 17, 2025: Biggest stock moves

    Top 5 Nifty 50 gainers today – February 17, 2025: Biggest stock moves

    NSE Nifty 50: Top 5 stock losers of February 17, 2025

    NSE Nifty 50: Top 5 stock losers of February 17, 2025

    ADVERTISEMENT

    editorji-whatsApp

    More videos

    Sensex, Nifty fall for 6th day dragged by FII outflows, trade war fears

    Sensex, Nifty fall for 6th day dragged by FII outflows, trade war fears

    Global stock market indices: How the world markets performed today - 12 February 2025

    Global stock market indices: How the world markets performed today - 12 February 2025

    Global stock market indices: How the world markets performed today - 11 February 2025

    Global stock market indices: How the world markets performed today - 11 February 2025

    Indian stock market sector-wise performance today - February 12, 2025

    Indian stock market sector-wise performance today - February 12, 2025

    Top 5 Nifty 50 gainers today – February 12, 2025: Biggest stock moves

    Top 5 Nifty 50 gainers today – February 12, 2025: Biggest stock moves

    NSE Nifty 50: Top 5 stock losers of February 12, 2025

    NSE Nifty 50: Top 5 stock losers of February 12, 2025

    Sensex plunges 1,018 pts as US tariffs fan trade war fears; stocks down for 5th day

    Sensex plunges 1,018 pts as US tariffs fan trade war fears; stocks down for 5th day

    Indian stock market sector-wise performance today - February 11, 2025

    Indian stock market sector-wise performance today - February 11, 2025

    Top 5 Nifty 50 gainers today – February 11, 2025: Biggest stock moves

    Top 5 Nifty 50 gainers today – February 11, 2025: Biggest stock moves

    NSE Nifty 50: Top 5 stock losers of February 11, 2025

    NSE Nifty 50: Top 5 stock losers of February 11, 2025

    Editorji Technologies Pvt. Ltd. © 2022 All Rights Reserved.