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  • Category: General
    Points:6 (Rs 3)

    Bank frauds becoming a way of life with Indian Banking??

    Indian banks have been witnessing a plethora of financial irregularities in the recent years. There was a major scam involving LIC Housing Finance in which top executives of Bank of India, Central Bank of India, and Punjab National Bank were involved besides the top brass of the LICHF. The money involved was Rs 1,000 cr. Coming close on the heels is the Citi Bank fraud in which top employees of the bank is involved. Here the money involved is about Rs 400 cr. SBT in Kerala has recently unearthed a financial swindle perpetrated by a contract lady employee of the bank at its Pathanamthitta branch. This lady computer programmer, with the connivance of top executives of the bank's branch, was able to siphon off about Rs. 1.25 cr from the bank by manipulating ATM accounts of the bank's customers. There is a greater need for the banking customer community to be on the alert to save themselves from the nefarious swindle schemes of unscrupulous bank officials.
  • #1956

    Points:3
    Money is the motivation behind all crimes.Men has no time to wait and earn.Each dreams high life and for this cash is needed.There is way to earn , but time will not wait for him.This dilema had made all to have some shortways to money.So the best way to get money easily is some fraud activities.Corruptions are another method for getting easy money.All those who engaged knows that it may be caught one day.But the punishment being very low , they think that is the best way.


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