TCS concludes jobs-for-bribes investigation, sacks 16 employees, moves three others

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Tata Consultancy Services has concluded an internal investigation of two jobs-for-bribes whistle-blower complaints, the company told the stock exchanges in a statement. Based on the probe's findings, TCS has sacked 16 employees and moved three others. There was no fraud by or against the company and no financial impact, TCS said in the statement. The company is adding more governance measures to its processes in dealing with vendors of contract staff