Syndicate Bank CMD arrested for bribery

It is an openly accepted fact that the ways to corruption such as above are with active collusion of Chartered Accountants. I appeal to accounting professionals to be true to the high values expected of them.

Right, Aditya, the crores are siphoned off at the highest level and throughout he industry. So, where the industry moves the development, it also moves the siphoning off of crores for paying such bribes, as these cannot be shown on the books. No? SO the books are also juggled simultaneously.....should then not the industries involved be also investigated.. And look at what the Jindals did this week....they siphoned off a tidy sum of a few hundred crores to one of their family member companies a technical fees with the approval of the shareholders, who realised it later!!!! Is this not open dacoity off the shareholders? and the company board is thinking what to do & under what rules!!!

Taking bribe to do a job for which one is appointed is a crime not only as per law but also agaisnt the citizens of the country who have bestowed trust on such service sector industry like the bank which basically is enriching itself with the unquestioned access to the public money. Any corrupt or criminal act of organizations such as a bank or insurance company should merit instant extreme stringent punitive action and all legal snags must be eradicaed or waived. This is an instance of a public sector bank's cheif executive who perhaps was so blinded with his power and greed. There are private sector banks like ICICI Bank supported by its group insurance company which indulge in fraudulent acts of criminality against its unsuspecting cutomers and its staff that executes such fraud are rewarded with incentives, promotions and perks. They mock a redressal process to only hoodwink or as an eye wash where no redressal forthcomes when serious fraud of the bank and its unwillingness to redress the same over long years is the issue. Their staff even go on to say bellegerently that the victim can go to where he or she pleases but the bank knows what to do and how to protect itself, irresspective of documentary evidence. Police don't take action and cushion this bank and its group company. Consumer courts don't entertain any action against them and on the contrary favor them even when they file fake forged document's copy. Govt. and PMO's office is well aware of the fraudulent ways of this ICICI Bank and its group companies but don't take any action. People attached to Consumer Affairs Ministry and enjoying projects, perks, remunerations don't even budge an eye to discourage any action against this bank.