Tata Consultancy Services (TCS) has banned six employees and six business associates for violating ethical conduct. Tata Sons chairperson N Chandrasekaran Said the same thing to the shareholders during the Annual General Meeting (AGM) of the company. The action follows whistleblower’s allegations about a recruitment scam.
Addressing the 28th Annual General Meeting of the country’s largest IT company, Chandrasekaran said TCS will review and tighten its supplier management process to ensure that incidents like the recent job scam do not recur. He also stressed on the need for ethical conduct and integrity among the employees. He said two complaints were received in February-March about the involvement of TCS officials in the bribery-for-jobs scam and six employees and six firms have been banned.
“Before any financial performance, the most important thing expected of each employee is ethical conduct and integrity. Therefore, I feel sad whenever there is a breach of ethical conduct by an employee. All leaders take this very seriously and we will always deal with such incidents with firm action.” Chandrasekaran said TCS works with over 1,000 third-party recruitment companies. The RMG division in question handles less than 2-3% of the total recruitment requirement.
Company says no recruitment fraud
Earlier in a statement to BSE, TCS had denied any recruitment fraud. TCS said in a statement that, as alleged, recruitment activities in TCS are not handled by the Resource Management Group (RMG), hence the reference to the alleged scam in the recruitment process is incorrect. “RMG is responsible for allocating available resources to various projects and meeting such requirements through contractors in the event of any shortfall,” the company said in a statement. related to holding on. to BSE.
The company further said in the statement that none of the key managerial personnel of the company has been found to be involved.
A team of three officials, including TCS Chief Information Security Officer Ajit Menon, is reportedly probing the whistle-blower complaint. In addition, the US complaint is being probed by an external investigator, he added.
Addressing the 28th Annual General Meeting of the country’s largest IT company, Chandrasekaran said TCS will review and tighten its supplier management process to ensure that incidents like the recent job scam do not recur. He also stressed on the need for ethical conduct and integrity among the employees. He said two complaints were received in February-March about the involvement of TCS officials in the bribery-for-jobs scam and six employees and six firms have been banned.
“Before any financial performance, the most important thing expected of each employee is ethical conduct and integrity. Therefore, I feel sad whenever there is a breach of ethical conduct by an employee. All leaders take this very seriously and we will always deal with such incidents with firm action.” Chandrasekaran said TCS works with over 1,000 third-party recruitment companies. The RMG division in question handles less than 2-3% of the total recruitment requirement.
Company says no recruitment fraud
Earlier in a statement to BSE, TCS had denied any recruitment fraud. TCS said in a statement that, as alleged, recruitment activities in TCS are not handled by the Resource Management Group (RMG), hence the reference to the alleged scam in the recruitment process is incorrect. “RMG is responsible for allocating available resources to various projects and meeting such requirements through contractors in the event of any shortfall,” the company said in a statement. related to holding on. to BSE.
The company further said in the statement that none of the key managerial personnel of the company has been found to be involved.
A team of three officials, including TCS Chief Information Security Officer Ajit Menon, is reportedly probing the whistle-blower complaint. In addition, the US complaint is being probed by an external investigator, he added.