Chile cancels $70m TCS deal, orders probe

The Chilean Government cited irregularities and cancelled $70 million,

10-year contract awarded to TCS.

A probe was launched to look into the alleged irregularities committed by a

couple of TCS employees, barely a day after the firm won the contract from a

government arm through a tendering process.

“Both the employees involved were locals and were asked to go on

administrative leave till the matter was cleared,” said N Chandrasekaran, COO

and Executive Director, TCS.

The names and designations of these two employees were not immediately known.

According to S Ramadorai, CEO and MD, TCS, the contract was awarded after

evaluation.