Tata Consultancy Services (TCS) has refuted any fraud in its recruitment process but has admitted that certain employees and vendors providing contractors had breached its code of conduct.

India’s largest IT services company was reacting to news reports that a few senior employees had allegedly accepted bribes from staffing firms.

A Mint report had said that a whistle-blower had written to the TCS CEO and also its chief operating officer alleging that E.S. Chakravarthy, the global head of the company’s resource management group (RMG), which is its recruitment division, had been accepting commissions from staffing firms for years.

Reacting to the report, TCS said in a late evening statement to the bourses on Friday that it had probed the allegations made in the complaint and found out that the charges do not “involve any fraud by or against the company and no financial impact’’.

It pointed out that the recruitment activities in the company are not handled by the RMG and, therefore, the reference to an alleged scam in the recruitment process is incorrect.

“RMG is responsible for allocation of available resources to various projects and incase of any shortfall, fill such requirements through contractors. The complaint referred to in the article relates to hiring of such contract resources employed by the contractor’’, the company said.

TCS added that after receiving the complaint, it launched a review to examine the allegations. Based on the review, the company said the issue related to a breach of its code of conduct by certain employees and vendors providing contractors. While TCS did not elaborate which specific code was breached, it disclosed that no key managerial person was found to be involved.