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Ola investigates its head HR for corrupt practices in the company

Ola has ordered an investigation against its human resources head and chief administrative officer (CAO) Yugantar Saikia who has apparently led ‘corrupt practices’ of millions of dollars in the company, reports FactorDaily. According to the portal’s report, Saikia apparently favoured vendors and took payments or kickbacks for the same, and that the Ola has appointed four audit firms for this investigation. Confirming the same to MediaNama, and Ola’s spokesperson said that,

There is an internal investigation which is currently on and one cannot give further details at the moment, and for the purpose of the investigation Yugantar is still on the rolls of the company.

Factordaily reports that Ola’s has been asked to not to report at work and the cab-hailing company has seized his work laptop.  Saikia has also reportedly put down his papers in the company and his last working day will be sometime in late-March. He had joined the company is February 2015, with an experience of over 16 years of global experience in setting up and expanding operations for companies like FICO, American Express and E&Y.

Ola’s commercial espionage in Srilanka

In a separate development this month, Sri Lankan company Digital Mobility Solutions Lanka Ltd., which runs a taxi-hailing app called PickMe, instituted criminal action in the Magistrate Court of Colombo against Ola alleging that ANI Technologies Lanka Ltd, a subsidiary of Ola’s parent company, and its directors have committed offences under the Intellectual Property Act by stealing valuable and confidential business and technical information developed by the company, through indulging in commercial espionage. The accused parties are ANI Technologies Lanka Ltd., Karan Veer Singh Shekhawat, who is Vice President – Operations at Ola, Nimish Joshi, Vice President and Head – Strategy & Corporate Development along with their Operations Manager Murali Barath.

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