TCS vigil mechanism is under Sebi watch

Markets regulator Sebi is looking into a complaint by a former employee of Tata Consultancy Services who has questioned the robustness of the IT service provider’s vigil mechanism that allows people to report fraud or unethical behaviour.

Phillippe Guionnet, a US-based client-facing executive at TCSNSE 0.75 %, lodged the complaint in a letter to the regulator earlier this month.

Guionnet was the whistleblower in the EPIC software case that TCS lost in a US court in 2014, over unauthorised access to an internal website containing manuals and trade secrets. TCS has appealed the verdict in a higher court.