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Wipro employee suicide in wake of fraud allegation

A worker in Wipro's finance department has committed suicide soon after an allegation was made that he had committed a...

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A worker in Wipro's finance department has committed suicide soon after an allegation was made that he had committed...

a $4m internal fraud.

Wipro said that it could not disclose any details about the worker because of "employee confidentiality".

The fraud was discovered in December but is reported to have been going on for a year.

Suresh Senapaty, CFO at Wipro, said: "In December 2009, we noticed an embezzlement by one of our employees. Pursuant to an investigation that is ongoing, steps have been and are being taken by the company, addressing the processes and people issues."

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