Unfair advantage by unlawful or unfair means; Knowingly making a false representation; intentional deception resulting in injury to another person;

something intended to deceive; deliberate trickery intended to gain an advantage; An intentional perversion of truth; deceitful practice or device resorted to with intent to deprive another of property or other right; The intentional and successful employment of cunning, deception, collusion; or artifice used to cheat or deceive another person whereby that person acts upon it to the loss of his property and to his legal injury;

The disclosure of the Satyam issue

by its chairman B. Ramalinga Raju has put the Indian IT sector and the other corporates questionable. This shows the loopholes in Indian system. Anybody can cheat lay investors who has invested their hard earned money in the company shares. The stock market was going through a bad stage and such disclosures coming during this time will ruin the trust of the investors. The government and the concerned authorities needs to close the loopholes which are helping such devils to cheat poor investors.

Communications Fraud Communications 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 many operators have increased measures to minimize fraud and reduce their losses, criminals continue to abuse communications networks and services.

Chief Minister Ashok Chavans kith and kin are not the only beneficiaries of the scam involving allotment of flats in the Adarsh Co-operative Housing Society in Colaba. Three former CMs Vilasrao Deshmukh, Sushilkumar Shinde and Narayan Rane all of whom have been, ironically enough, potential contenders for Chavans post and at some point served as the sanctioning authority for the project, also stand accused of owning flats under benami names in Adarsh.

Telgi moved to more complex counterfeiting when he

began to counterfeit stamp paper. He appointed 300 people as agents who sold the fakes to bulk purchasers, including banks, insurance companies, and sharebroking 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 concern was 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 rigorous imprisonment 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]

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 the organisations. 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.

 FOR

BANKS: GOVERNING AUTHORITY RBI FOR INSURANCE: IRDA FOR COMPANIES:SEBI FOR FRAUDS AND SCAMS: CBI AND CID,INTERPOLE. FOR DECISIONS: SUPREME COURT,HIGHCOURT.

 NO

TRUST IN COMPANIES. CONFIDENCE LOST. UNHEALTHY ENVIRONMENT. NEGATIVE THINKING. ADVERSE EFFECT

 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.

(1)

Set a major goal, but follow a path. (2) Finish what you start. (3)

Socialize with others of similar interest

(4) Learn how to learn.

(5)

Harmonize natural talent with interest that motivates.

(6)

Increase knowledge of subjects that inspires.

(7) Take risk.