Why Do Scams Occur in India - 968 Words

India is growing well, growing well in all terms, like strong economy, great infrastructure, top businessmen, more number of Indians in forbes richest people list, technology, education, strong media, politics on the positive side and when we looking into the worrying part comes big scams, curruption, etc. We are hearing about new scams almost every week these days and interestingly most of these scams are picked up by the media rather than any of our proud investigating agencies or people who are responsible to monitor our financial activities. Billions of dollars are deposited by many Indians in the Swiss banks which are illegal. Do we have any idea of what is volume of Indian economy inside these Swiss banks. Are we trying to find it†¦show more content†¦9. Some of the bureaucratic and administrative procedures are redundant. This coupled with less automation and transparency provides employment through corruption. 10. Use of electronic voting machines, with no clue/acknowledgement of whom the citizen has voted. This makes it easy for the politicians to manipulate votes. The government instead projects India as a software giant, but sadly all we are doing is demanding outsourcing of public sector department/governance work of the developed countries. 11. Intentional Collapse of democratic and civil institutions by policy makers, which entertains corruption to be associated to power by placing corrupted or subservient persons at important decision making points in the system. 12. The absence of autonomous institutions with responsibility, accountability and transparency combined with way too many people in positions with discretionary powers and no recall option of people in power is a sticking point in containing corruption. 13. Clear cut separation of the three divisions of the constitution i.e. executive, judiciary and the legislature, which would minimize corruption and improve quality of service and performance. 14. There are far too many criminals and thugs in the system that has converted the police, political and judicial systems into legalized criminal networks. These systems have become criminal networks rather than citizen friendly networks that assist in providing goodShow MoreRelatedBusiness Report : Ethical And Management1743 Words   |  7 PagesEXPLOITING ‘NON-EMPLOYEES’ 3 THE FREE SHIFT SCAM 4 3.2 MANAGEMENT ISSUES 5 WORK HEALTH AND SAFETY 5 HUMAN SKILLS 5 3.3 EMPLOYING AND MANAGING CULTURE AND DIVERSITY 7 LEARNING ORGANISATION 7 AWARENESS 7 MOTHERS IN THE WORKFORCE 7 AGEING WORKFORCE 8 4.0 CONCLUSION 9 5.0 REFERENCES 10 2.0 INTRODUCTION This report will go into detail about ethical and management issues at 7-Eleven alongside the exploitation of ‘non-workers’ and the issues in China and India. This report also provides detail regardingRead MoreScams and Fraud in Stock Market5370 Words   |  22 Pages| 5 | 5. | Definition of scam | 7 | 6. | When stock fraud occurs | 8 | 7. | Financial statement fraud | 10 | 8. | Features of security scam | 12 | 9. | How to spot stock scams | 13 | 10. | Avoiding stock market fraud amp; scams | 14 | 11. | Indicators for scams | 15 | 12. | Top 10 stock market scams | 16 | 13. | Top 10 scamster of India | 20 | 14. | Conclusion | Read MoreThe Growing Problem of White Collar Crimes in India19963 Words   |  80 PagesThe Growing Problem of White Collar Crimes in India â€Å"The practitioners of evil, the hoarders, the profiteers, the black marketers and speculators are the worst enemies of our society. They have to be dealt with sternly, however well placed important and influential they may be; if we acquiesce in wrongdoing, people will lose faith in us†- Dr Radhakrishnan Methodology The research methodology used for the present research article is traditional DoctrinalRead MoreOrganizational Fraud9733 Words   |  39 Pageshow true!!!!! Table of Contents 1. INTRODUCTION 7 2. OBJECTIVES OF STUDY 8 3. DEFINING FRAUD 8 3.1 Types of fraud 8 3.2 Legal Elements of Fraud 9 3.3 How big is the problem? 10 3.4 Who are the perpetrators? 10 3.5 Why do people commit organizational fraud? 11 3.5.1 Motivation 11 3.5.2 Opportunity 11 3.5.3 Rationalization 11 3.6 Red Flags of Organizational Frauds 11 3.6.1. Structural red flags 11 3.6.2. Personnel red flags 12 Read MoreAnti Corruption Watchdog Transparency International Ranks The National Perception Of Corruption2507 Words   |  11 Pagesservices, feeding inequality and injustice and discouraging foreign aid and investment. Corruption is rampant in India, as it has taken a prevalent role of Indian politics and bureaucracy. Corruption in India has been one of the most interesting and discussed problems in modern political history. Anti-corruption watchdog Transparency International ranks the national perception of corruption in India to be 85th in the world out of 175 positions, indicating that India’s governance is corrupt and isn’t accountableRead More1) Various Federal Agencies Impact Marketing Activities.Research1605 Words   |  7 Pagesagency). Federal Trade Commission: The Federal Trade Commission is an agency of the United States government that works to prevent fraudulent, deceptive, and unfair business practices. They also provide information to help consumers’ stop, and avoid scams and fraud. 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This had lead to an increase in the supplyRead MoreEnron - Ask Why?2902 Words   |  12 PagesEnron Ââ€" Ask Why? How Unethical and Illegal Behavior Ruined Lives Brief History of Enron Enron was an energy company based in Houston, Texas that dealt with the energy trade on an international and domestic basis. Enron formed in 1985 when Houston Natural Gas merged with InterNorth. After several years of international and domestic expansion involving complicated deals and contracts, Enron became billions of dollars in debt. All of this debt was concealed from shareholders through partnerships