Zero tolerance to Frauds

After reading about the News Corp, i wonder whether business owners would realize that one has to be ethical in all business dealings and how important it is to ensure right culture is established in the organization. Some overzealous leader may have thought that as long as they are able to get stories all is fair and it may have worked for them in past but what is the eventual cost of such actions. In this particular case, for now, they seem to have lost a good deal, paper had to be shut down and all sorts of adverse publicity. Fraud management is treated as a expenditure but such incidents prove that it's a sound business investment. I assume that board was not aware of such acts and had they identified this on their own and take action, cost to them may not have been this high. News Corp abandons BSkyB bid Rupert Murdoch has withdrawn News Corp’s planned bid to take full control of British Sky Broadcasting, amid intense political pressure.  The decision, announced on Wednesda...

Great work done by law enforcement agencies in USA, one thing I liked most about this investigation was that when they started the investigation it was about smuggling of counterfeit cigarettes but concerned officers didn't brush it off by thinking it as innocent smuggling and later on same set of criminals also got involved in smuggling of weapons. Same has happened in India in 1990s but i think people involved in it didn't realize that routes for smuggling of goods can also be used for smuggling of weapons. I am tempted to compare this with frauds in corporate sector wherein at times people think that if somebody has inflated conveyance claim it's not a big deal and it's just a small amount. They don't realize that same guy would over a period graduate to other bigger frauds as he has tasted blood once and just like Vampries ( I loved the Edward and Bella series) once some one has tasted fruits of fraud it's very difficult to control it.