Ola Fires HR Chief Over Fraud in Recruitment Process, Orders Investigation
Uber and Ola's battle for dominance in Bharat is well known, simply it appears that Ola is near to endure some internal turmoil among its executives merely like Uber in the US. Co-ordinate to a study from Factor Daily, senior Ola executive, Yugantar Saikia, has been relieved of his duties for declared involvement in fraudulent acts for the by two years and pocketing millions in illicit payments.
Insider sources take revealed that following the discovery of the fraud, Ola seized his personal computer and has ordered an investigation into how the scam took place. The main allegation against Saikia is that of receiving hefty bribes for favoring certain partners and using his position to interfere in the company'due south recruitment procedure.
Saikia, who served as Ola's Chief Administrative Officeholder and as well headed the HR department, is said to have received incentives from companies that are contracted with Ola to aid them recruit employees. "This must have been going on for at least 2 years, hundreds of new hires every year. I gauge almanac monies earned through recruitment alone to be at least Rs v-6 crore. And this is just the fee paid to an outfit created for the purpose", a source said. Another source added that the estimated value of the fraud is in millions of dollars, and information technology has as well brought the hiring of around i,000 Ola employees under the scanner.
Following the discovery, Ola ordered an investigation into the case and has reportedly commissioned a 'Big Four' audit firm to probe the abuse charges against the executive. Saikia was reportedly asked to resign from his post, well ahead of the death of his employment tenure.
When contacted nigh the allegations of fraud against him, Saikia denied whatsoever cognition of it, and likewise dodged questions virtually of his dismissal. He as well contested the charges of interference in the company'south recruitment process and said,"The recruiting head signs the recruitment contracts. I don't sign any of that actually. I haven't been notified of anything that you take just mentioned."
Source: https://beebom.com/ola-fires-hr-chief-fraud-recruitment-investigation/
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