A recent ruling in a US court has imposed a hefty $194 million fine on Tata Consultancy Services (TCS) of India for trade secret misappropriation, according to a regulatory filing.
The case, filed by Computer Sciences Corporation (CSC) in Texas, led to TCS being ordered to pay a significant $56.15 million in compensatory damages, a staggering $112.3 million in exemplary damages, and $25.77 million in prejudgment interest, a financial blow of considerable magnitude.
TCS plans to appeal the judgment, asserting solid arguments against it while maintaining minimal impact on its financials and operations.
In Ghana, concerns have escalated over TCS’s involvement in domestic tax mobilization following a controversial contract awarded by the Ghana Revenue Authority (GRA).
Commissioner General Julie Essiam bypassed procurement laws and recommendations and selected TCS despite previous cancellations and objections from GRA officials.
Critics point out that TCS’s iTAX solution has faced rejection in multiple African countries and even in India, a fact that raises serious questions about its efficacy and legality.
Despite these concerns, Julie Essiam proceeded with the deal, prompting inquiries into her motives and potential backers.
Ghanaians are left questioning whether the contract serves national interests or benefits individuals at the expense of Ghana’s future, a concern that underscores the potential impact of the TCS-GRA deal on the country’s well-being.