Bribes-for-Job Scam Uncovered at TCS, Rs 100 Crore Involved

Tata Consultancy Services (TCS), one of the largest IT companies in India, has been hit by a bribes-for-jobs scandal. According to a report before MintA few of the company’s top employees have been accepting bribes from headhunters to give their candidates jobs, for years.

This led to the company firing four officials from the Resource Management Group (RMG) and banning three recruiters.

The report stated that earlier, a corporate whistleblower had written to the company’s CEO and COO explaining that RMG’s global head, ES Chakravarthy, was accepting commissions from these staffing firms.

The company then set up a three-member panel, including Chief Information Security Officer Ajit Menon, to investigate the allegations. After the investigation concluded, TCS sent its recruiting chief on leave and fired four RMG officials. Chakravarthy is banned from coming to the office. Another RBM squad official, Arun GK, has been sacked.

The report quoted an executive as saying that in the past three years, the company has employed 300,000 people, including contractors. They added that the people involved in the scam may have earned at least Rs 100 crore through kickbacks.

“The entire high command is shocked,” the official said. Mint.

The most preferred ways to hire executives, as well as contractors for IT companies such as TCS, are through employee referral programs and headhunting companies. These companies provide lists of candidates to the company, which then conducts tests or interviews and subsequently hires them as needed.

The RMG division of TCS has about 3,000 people and employs about 1,400 engineers on projects daily. The average comes out to be 1 position every minute.

This is also the first such scandal reported in TCS. This comes just days after K Krithivasan took over as the company’s Chief Executive Officer (CEO).