Wednesday, December 16, 2009

Not sure if this is a Coincidence

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News like the below one make me think hard about the nature of things to happen in India.

ICICI Bank's UK unit accused of acting against whistle blower


More Satyam-like cases simmering: Rohit Mahajan, KPMG executive


especially question like this are thought-provoking .....

Has there been any kind of shift in the way frauds are committed?

We are seeing more frauds now compared to 3-4 years ago and the nature of frauds is no more limited to scrap sales or cash being stolen. We are seeing a dynamic shift with respect to intellectual property, e-commerce and other IT-related frauds. It is not just the junior employees who are involved. The senior management seems to be encouraging it and there is more focus on bribery and corruption.



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