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Unfair advantage by unlawful or unfair means;

Knowingly making a false representation;

intentionaldeception resulting in injury to another person;

something intended to deceive; deliberate trickery intendedto gain an advantage;

An intentional perversion of truth; deceitful practice ordevice resorted to with intent to deprive another of property orother right;

The intentional and successful employment of cunning,deception, collusion; or artifice used to cheat or deceiveanother person whereby that person acts upon it to the loss ofhis property and to his legal injury;

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The disclosure of the Satyam issueby its chairman B. Ramalinga Rajuhas put the Indian IT sector and theother corporates questionable.

This shows the loopholes in Indiansystem. Anybody can cheat lay

investors who has invested theirhard earned money in the companyshares.

The stock market was goingthrough a bad stage and suchdisclosures coming during thistime will ruin the trust of the

investors. The government and the concerned

authorities needs to close theloopholes which are helping suchdevils to cheat poor investors.

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Communications FraudCommunications fraud is the use

of telecommunications products

or services with no intention of

payment.

Fraud negatively impacts

everyone, including residential

and commercial customers.

Fraud losses increase

communications carriers

operating costs. Although manyoperators have increased

measures to minimize fraud and

reduce their losses, criminals

continue to abuse

communications networks and

services.

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Chief Minister AshokChavanskith and kin are not the onlybeneficiaries of the scaminvolving allotment of flats inthe Adarsh Co-operativeHousing Society in Colaba.

Three formerCMs VilasraoDeshmukh, Sushilkumar Shindeand Narayan Rane all ofwhom have been, ironicallyenough, potential contenders forChavans post and at some pointserved as the sanctioning

authority for the project, alsostand accused of owning flatsunder benami names in Adarsh.

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Telgi moved to more complex counterfeiting when hebegan to counterfeit stamp paper. He appointed 300

people as agents who sold the fakes to bulk purchasers,

including banks, insurance companies, and share-

broking firms. The size of the scam was estimated to be

more than 20,000 crore (US$4.4 billion).[3]

One aspect of the scandal that caused much concernwas that it required the involvement of many police

officers and other government employees. For example,

one Assistant Police Investigator was found to have a

net worth of over 100 crore (US$22 million), despite

making a salary of only 9,000 (US$198) per month.[2]

On 17 January 2006 Telgi and several associates were

sentenced to ten years' rigorous imprisonment.[4] On

28 June 2007 Telgi was sentenced to rigorousimprisonment for 13 years for another aspect of

the scandal. He was also fined a Rs 100 crore. The

Income Tax Department requested that Telgi's

property be confiscated to pay the fine.[5]

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The word vigilance is often

looked at with contempt (hate)

And suspicion in many

organisation. However despite

the negative perceptions

among employees ,the

vigilance department has an

important role to play in theorganisations.

Vigilance lies in the external

alertness and awareness of

both the internal and external

environment. The vigilance

department two aims

Ensuring integrity in the

organisation.

Eliminating forces that

obstruct integrity in the

organisations.

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FOR BANKS: GOVERNING AUTHORITY RBI

FOR INSURANCE: IRDA

FOR COMPANIES:SEBI

FOR FRAUDS AND SCAMS: CBI AND

CID,INTERPOLE.

FOR DECISIONS: SUPREME COURT,HIGHCOURT.

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NO TRUST IN COMPANIES.

CONFIDENCE LOST.

UNHEALTHY ENVIRONMENT.

NEGATIVE THINKING.

ADVERSE EFFECT

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TO MAKE IMPLEMENTATION OF LAW.

NO MISUSE OF POWERES.

NO POLITICAL INTERFERANCE.

GENERATE AWARNESS.

STRICT PUNISHMENT.

QUICK DECISIONS BY COURT.

INVESTIGATION MUST BE POLITICALLY FREE.

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Set a major goal, but follow a path.

(2)

Finish what you start.

(3)

(1)

Socialize with others of similar interest

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(4)

Learn how to learn.

(5)Harmonize natural talent with interest thatmotivates.

(6)Increase knowledge of subjects thatinspires.

(7)

Take risk.

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