Do You Feel Appointment of Regulators is the Remedy to Curb Frauds

What are the reasons that in spite of appointment of regulators for almost all the sectors, scams and frauds have become more rampart as compared to the past?

The question arises, if there are regulators, why there is a need for the ministries, company law boads, banking ombudsman, telecom commission, comptroller & auditor general, central viglance commission, etc., like positions?

For example, in spite of the switchover of the department of telecom in to the creation of two telecom corporations, the MTNL and the BSNL, Department of Telecom and the Telecom Commission still exist. Rather, in addition to these entities, Telecom Regulator was also created. Not only that another entity of Controllers of Communications accounts have also been created to accommodate the very senior level Officers of the Indian P&T Finance and Accounts Officers, who do not want either to work in the MTNL or the BSNL or to get absorbed in other departments of the Government of India. The question arises, what remains the function with the Department of Telecom and the CCAs when all of its functions have been transferred to both the corporations, i.e., the MTNL and the BSNL, and their staffing network has already expanded tremendously after their creation? INSPITE OF TOP RANKING FINANCIAL ADVISORS IN THE TELECOM COMMISSION, STILL THE FRAUD OF RS.1,76,000 CRORES TOOK PLACE. Is not that the Finance & Accounts Officers and the Indian Telecom Service Officers lobby are just enjoying pension equivalent to their full pay and allowances at the cost of the the public, with self created meagre work and gossiping the day over?

Similarly, if PNB is the ombudsman and its own management is involved in frauds and scams, who is supposed to give justice to the depositors and investors, and what the Reserve Bank of India is doing as the governing body for the Banks?

Also, if corporate frauds and scams are still going on what the Company Law Board and the SEBI had been doing?

Is CVC meant to raise post-fraud hue and cry only, what preventive vigilance measures it had been taking to avoid such frauds, scams and corruption cases?

In fact, creation of higher posts like Regulators, Commissioners, etc., is the strategy of the IAS and Allied Services lobbies to grab more higher posts, where the public has already become aware that the corruption at the highest scale exists amongst the higher level bureaucrats and are also assisting top politicians in corruption.

So, why such topmost authoritative posts are being created just to facilitate frauds, scams and corruption of the highest and unmatching scale?

Views of the readers are welcome. I would hihly appreciated if the cases of real corupt practices are also quoted along with their views.