infosysOne of India’s largest IT consulting firms Infosys, sacked its BPO business CFO, Abraham Matthews for violating company’s Code of conduct (via Times of India).

In a press release, company has also announced that Infosys BPO (a subsidiary of Infosys) CEO Gautam Thakkar too, has resigned from his post, taking responsibility of the incident on moral grounds.

Certain sources, close to the company said that a certain employee had overbilled clients for some contracts. The CFO was asked to resign due to his inability to keep a check on this financial embezzlement within the company.

The magnitude of this embezzlement is still unknown. The overbilling incident came out when auditors of the company found out about the same.

Abraham Matthews has been a long standing employee at Infosys. He has been Infosys BPO CFO since January 2003. Similarly, Gautam Thakkar joined the company in 2000 and was promoted as the CEO in January last year.

Infosys CEO Vishal Sikka said,

BPO is of fundamental and strategic importance to our company. Our endeavor is to transform BPO with process innovation, automation and artificial intelligence to delivery exceptional efficiency and business value to our clients. I am very confident that under the leadership of Anup and Deepak, our BPO practice will become an exemplar on how business processes should be run.

The company has named Anup Uppadhayay as CEO and MD of the BPO business, and Deepak Bhalla as CFO.

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