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Ola starts corruption probe against admin head

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Press Trust of India New Delhi
Ride-hailing company Ola has started an internal investigation into allegations of fraud against its chief administrative officer, Yugantar Saikia, according to sources.

The company has roped in one of the 'Big Four' audit firms to help in the investigation, two people close to the development said.

They declined to be identified as the matters are private.

When contacted, an Ola spokesperson confirmed the development.

"There is an internal investigation which is currently on," the spokesperson said but declined to provide further details.

One of the persons said the investigation will look into whether Saikia received kickbacks from recruitment vendors and others during his tenure.
 

Saikia has been asked not to report for duty, the source added.

Prior to Ola, Saikia was a senior director at analytics software firm, FICO and has also worked at American Express.

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First Published: Feb 16 2018 | 7:31 PM IST

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