Minting public money as their own - IT frauds

In June quarter 2019, the combined top line of the top five IT services companies -- TCS, Infosys, HCL, Wipro and Tech Mahindra -- stood at Rs 99,800 crore, just Rs 200 crore shy of the Rs 1 lakh crore mark.  These companies have hired more than 1M+ people recently. The top companies TCS & Infosys have combined destroyed multiple state ecosystems while creating highly paid zero R&D & zero applied solutions to the IT market. Most of their work has been focused on writing custom solutions that are specified by their clients, which in most cases are big institutional MNCs or National firms that were assigned by their govt to give work to these body shoppers.

TCS has destroyed the R&D infrastructure of Tata companies in Automobile & Iron/Steel by placing govt educated (IIT, NIT, govt engg, Central Univs) post graduates meant for these long term positions into quick money producing body shopper low level Programmer/Tester/Analyst positions all over the world while taking a huge cut of salary for their fake management consisting of few privileged sub-caste members. These directors have demonstrated their fraud capacity by forming profit cartels in collision with vocal minority groups/movements in US and also have formed world wide profit cartels to skim the money out of system.

Likewise, Infosys has formed multiple fake delivery centers in US & research institutes to maintain a highly paid group of managers who are mostly linked to the management as nepotism. These delivery centers are mostly local political stunt to create image of big company among the newly hired junior Programmer/Analysts to work 24/7 using Software downloaded from Internet while the management using most advanced financial methods to skim the system and move the money out to few sub-caste cartels that are spread out in urban ghettos world wide.

In addition these top IT body shoppers are skimming the system by giving back lakhs of Crores of money to their holders in the form of stock buyback. This is like highway robbery of public money given in the form of contracts making their way to the private profit oriented investors. Even though they have huge cash in hand, the R&D efforts of these companies don't go beyond few related directors kin getting into elite western arts universities all within few sub-caste living in their fantasy urban ghettos. In addition these kin have created huge ecosystem at the management level in US & Europe eg. Sundar Pichai etc.. getting 100s of crores per year as salary for just attending board meetings and signing papers.

These highly entitled top managers formed a cartel and exploiting poor people of their sub-castes to make work unnecessary hours to sustain their network. End level employees died by hundreds due to work burnout and social pressures caused by these fraudulent managers playing with government money

Bibilography
https://www.deccanherald.com/business/economy-business/indias-top-5-it-firms-stare-at-historic-revenue-mark-766973.html
https://timesofindia.indiatimes.com/business/india-business/tcs-to-spend-rs-16000-crore-on-share-buyback/articleshow/64608787.cms