Dr. Jay Menon, Group CIO, Bharti Enterprises and  Director – Global Innovation & IT, Bharti Airtel has quit the company, reports The Economic Times. Bharti Airtel has confirmed this exit to the publication but declined to disclose reasons for his exit.

Citing multiple sources, the report says Menon was asked to leave Bharti Airtel due to code of conduct violations, with one of the sources saying that the company had found in an internal investigation that Menon had economic interests in third party companies which were awarded contracts by Airtel on Menon’s directions.

It also mentions that Airtel has launched a full-fledged investigation into this matter. We have contacted Bharti Airtel for more details on this and will update once we get a response.

Menon however has denied these allegations to the publication, terming them as baseless rumors. He said that his exit has been in the works for a while now.

Menon had joined Airtel in 2002 as the CIO and Director – IT & Innovation, and had become the group CIO in 2007. He was also the joint president of Airtel Enterprise services business between 2004-2005; Director, Customer Service & IT between 2008-2010 and Group Director – IT, Bharti Enterprises from April 2010.

In addition to this, he has also been serving as the CTIO (Chief Technology and Information Officer) of Airtel Africa from 2010 and apparently played a key role in Zain Africa’s acquisition in 2010. Prior to his Airtel stint, Menon was with AT&T for two years and IBM for eight and a half years in different roles.