Tag Archive

Hyderabad Police Arrests Bogus Internet Company ‘SpeakAsia’ Frauds

By HIOC Team

7 Sep 11: Speak Asia, a Singapore based online consumer survey company, which calls itself as the largest integrated online survey group in the Asian subcontinent was involved in fraud by cheating many investors of crores of rupees across the country. This company has 150 franchisees in India. There are more than 20 lakh... »

Most of the Frauds in Indian Companies are Not Reported

By HIOC Team

20 Jul 11: Global consultancy firm, KPMG has conducted a survey which revealed that 88% of the frauds taking place in Indian companies are never reported. Of the reported cases, enforcement action is taken in quarter of the cases, disciplinary action was taken in another quarter of cases and resignation/voluntary retirement was occurred in... »

Another Senior Management Figure from ISB Exits Due to the Charges Faced by SEC

By HIOC Team

26 March 2011: The founder-chairman of Indian School of Business (ISB), Rajat K Gupta, resigned from his post, after being alleged for transfer of confidential information by US Securities and Exchange Commission (SEC). This has brought a sigh of relief for the students of ISB, who feared this will lead to the erosion of... »

Indian Citizen Steals Computer Code of US Bank and Gets Imprisoned

By HIOC Team

22 March 2011: Indian citizen, Samarth Agarwal, who has worked as a trader in Societe Generale, will have to undergo 3 years of imprisonment in US for stealing a proprietary computer code from SocGen’s office and selling the same to another trading group called Tower Capital Research. He was known to be a qualitative... »

IT Firms in Hyderabad Under Threat from Data Thefts

By HIOC Team

Until recently we used to feel proud that Hyderabad is developing – many foreign companies are coming to set up their offices. It was regarded as one of the major IT hubs in our country. But all this glitter seems to fade away in quick time. In no time it has grabbed the national... »

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