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Mumbai, Nov. 28 Hexaware Technologies has hired professional risk management consulting firm Mecklai Financial to mitigate any negative impact arising out of the ‘potentially fraudulent’ foreign exchange transactions entered on the company’s behalf by a senior official. Mr Jamal Mecklai, CEO of Mecklai Financial, and his team have been roped in to advise the company on the future course of action, a spokesperson for Hexaware said.

Mecklai Financial has over 50 advisers and consultants, working out of six offices across India, according to the company Web site. Further, Mr P.K. Sridharan, who is the Executive Director and Chief Mentor of Hexaware, has moved to Mumbai from Chennai to set up an internal committee of senior Hexaware employees. This committee will play a supplementary function and work in tandem with Mecklai’s risk management experts and the special committee which was announced on Monday. The company’s scrip was down by 1.7 per cent to close at Rs 82.45 on the BSE today.

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