Are frauds becoming very common among employees in Indian firms?

In a system where righteous approach is a stumbling block for growth and development, people tend to use the tool of "Deceit".  The so called clean     " corporate giants", would not have got to the status where they are currently in without getting involved in malpractices and adjustments.  In our country, without greasing palm, nothing moves.  The so-called major industries, with otherwise clean image in the society, do involve in all wrongs in getting the major projects, whether from the Government or otherwise.  When it comes to the involvement of employees within, they sulk about it.  

We need to address the very definition of "Fraud".  If it happens at an employee level, its publicised and made untenable to tolerate, whereas at the sustainable level of the corporates in the fierce competitive environment, the very definition changes!  This applies to all the industries and verticals, including Governmet PSUs.  We have recently seen the fight between SEBI and IRDA on ULIP!  Are they above board?

We have to ruminate and ponder over!

A year before i was working as Materials Manager(SCM)with a organization in bangalore who are in to Jewellery Manufacturing,I worked just 6 months,when i join there,there was no body in the company to welcome me.When i wanted to do Stock muster,Audit,nobody supported in the company..At last i conducted teh Audit with more than 150personals after a long struggle and found more than 20kgs of GOLD was missing...Lots of hungama after that.Many people got fired from the company. The beauty is that,that is the LISTED COMPANY WITH 2000 CRORES TUROVER..With out stock,they were showing company asserts of many crorres..

Another big curruption also there..The company opened one more company in dubai,doing export/Import dealings to cheat government and eating government's money in the name of Subcidies..

If Companies do fraud,the employees also will follow..

Not at all.

In some circumstances of working envoirnment influence the malpractice. For example lowly paid CTC, high expectation in all the way (in order maintain the status), there will be lot of ego, or otherwise they will Condemnned.

So many factors invoved in such activities. The main thing the society itself pushes in to that. So what is that discuss here just like that. Let us close this chapter here.

While discuss these Ridicules ideas you should careful about the subject which offends Object severly.

he perception of an increase in fraudulent activities in India within private business establishments and public institutions in the last two years, does not appear to be unfounded, the KPMG Fraud Survey Report 2010 confirmed this today. An overwhelming majority of the respondents (75%) indicated that the overall incidence of fraud is rising thereby indicating that India Inc needs to deal with fraud risks firmly. Survey responses specifically from the financial services and consumer markets industry segments feel a higher level of fraudulent activities within their industry. The survey also indicates "procurement" and "sales and distribution" to be the most vulnerable areas across industries susceptible to fraud risk.