The company is yet to disclose the whistleblower complaint to the stock exchanges. It is also not known if it has been referred to the chairman of TCS's audit committee.
ADVERTISEMENT
The disclosure depends on whether the complaint is material to the earnings of the company, one of the persons cited above said. All spoke on the condition of anonymity.
TCS is yet to respond to media reports alleging a multi-crore recruitment scam. According to the Mint newspaper, the alleged scam that compromised the hiring process at India’s biggest private employer has come to light.
A whistleblower, in a communication to TCS’ chief executive officer and chief operating officer, alleged that a senior executive in the recruitment division Resource Management Group had been accepting bribes from staffing firms for years, Mint reported citing two executives aware of the developments.
ADVERTISEMENT
Following the complaint, TCS set up a team of three executives, including the firm’s Chief Information Security Officer Ajit Menon, to probe the allegations, the report stated.
After weeks of investigation, TCS sent the head of recruitment on leave, sacked four executives from the Resource Management Group, and blacklisted three staffing firms. Although the company is yet to ascertain the scale of the irregularities, one of the two executives cited above said people involved in the scam may have earned Rs 100 crore through commissions, Mint reported.
BQ Prime has sent an email to TCS seeking...
A serious legal fight has now started, and it is pulling big names into the spotlight. Brian Harpole, who once handled security for Charlie Kirk, has filed a defamation lawsuit against Candace Owe...