Wipro ends internal probe into fraud
Bangalore, Feb 26, DHNS
Wipro Limited on Friday announced that it completed its internal investigation relating to the embezzlement of funds by a Wipro employee that came to light in December 2009.
The employee involved was a junior member of the company’s controllership team.
The company’s Audit Committee in its probe revealed that the employee transferred from the amount from the company’s bank accounts to his personal account in several transactions over a period of three years from November 2006. The employee chose to end his life a few weeks after the fraud came to light.
