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city bank fraud

Activity:  2 comments  183 views  last activity : 01 06 2011 09:49:13 +0000
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2 comments on "CITY BANK FRAUD"
  Commented by  Ravindra Sharma, Managing Consultant, CHEF-India    | 01 06 2011 09:49:13 +0000
Checks and balances from regulators are surely not in place, though much talked of and time and again..
Yes. I have also seen frauds from close quarters in a Bank, Chitfund Company, Investment Company. It happens with one individual, who ropes in others as his associates by making lucrative offers. Unfortunately, they dont realize that it is like riding a tiger.. The tiger will eat away the rider, once he steps down. Any amount of repentence will not come to the rescu of the offender.
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