HCL Statement in response to media reports on Wall Street Journal and HCL’s relationship
Noida, October 20th, 2011: In the last two weeks, several news stories have been published about the Wall Street Journal Europe’s alleged improper business practices with certain third parties. In some cases, HCL Technologies has been included in these stories in a factually incorrect manner. On the 14th of October 2011, we released an official statement (available at http://www.hcltech.com/media/press-releases/2011/statement.asp) to clarify and correct these points.
In response to statements in some sections of the media – HCL can confirm that (1) HCL has had no contractual arrangement with Executive Learning Partnership (ELP); (2) It has made no payments to the aforesaid company either directly or indirectly; (3) It has no knowledge of what contractual relationship exists or may have existed between ELP and Wall Street Journal Europe; (4) It has no knowledge of what payments or payment arrangements exist or have existed between ELP and Wall Street Journal Europe; and (5) It has never been asked to facilitate any payments directly or indirectly to ELP. Any arrangement that may exist between ELP and Wall Street Journal Europe, is entirely a matter between those companies, and HCL was neither made aware nor is aware of what business arrangements exist or may exist between Wall Street Journal Europe and ELP”. For More Information, Contact: Ranjana Sharma Mob: +44-7921699137 E-mail id: RanjanaS@hcl.com Meenakshi Benjwal Mob: +19733936225 E-mail id: firstname.lastname@example.org Zulfia Nafees Mob: +91-9810495138 E-mail id: email@example.com