CBI lodges FIR against UP-based firm for defrauding banks of Rs 6,883 crore- India Today (9th Aug '21)

₹37 crore of PF savings withdrawn illegally- The Hindu (9th Aug' 21)

Income Tax Dept detects Rs 400 cr unaccounted transactions after raids on Kanpur-based pan masala group-Economics Times (3rd Aug '21)

CBI files: Three CG Power auditors under scanner for signing off on fraudulent transactions- Economics Times (22nd July' 21)

CBI books textile major in ₹160-crore bank fraud- LiveMint (22nd July '21)

These are a few of the usual headlines in our media. It's impossible to fathom the depth of corruption or gauge the fathom of the huge amounts of money involved, or even harder to imagine how can the top-level executives having every resource still be gullible!

The cost to host the 2021 Tokyo Olympics was USD 15.4 billion. The amount of black money in India that has been accumulated by the criminals for vested interests, is estimated at ₹300 lakh crores in addition to the US$500 billion hoarded in overseas banks. [Wikipedia]

And the year 2021 hasn't even ended yet! Has anyone wondered why corruption hasn't stopped inspite of laws & regulatory authorities?

What are the reasons that cause are harm to the Growth, GDP, Economy, and the future of our youths and overall humanity?

The most obvious reason is the rampant cases of corruption, frauds, scams...

The increase in frauds, scams & irregularities are on a steady rise especially during COVID19 times. Mostly they happen due to some "unscrupulous" officers with no check to their actions. They must be made answerable for their actions.

The glut of corruption has accumulated over the years-not in a day or two. Inspite of having a robust regulatory authority, India still registers a large number of cases of corruption, fraud and scams that happen under the nose of the regulators.

But hold on! These are just the symptoms...

The actual root cause is - Poor daily management in every organization whose loopholes are used by complacent authorities to deny justice.

Poor Daily Management system, lethargic/complacent officials from the concerned department enjoy all privileges without being responsible, answerable or accountable.

Result - inefficient usage of available resources, loss of valuable Judicial resources and harm to the Nation's growth.

Ultimate Solution - Make every officer/manager/administrator/team leader/authority accountable, responsible and answerable on a day to day basis. A revamped and modern solution is the need of the hour to tackle, slow-down and eliminate the issues. A solution that is based on unbiased, non-emotional Artificial Intelligence technology.

Now is the time to come together and fight against the menace to our society- the menace of corruption, frauds and scams!

If we don't act now, then we as a Nation will not be grow up to its potential and lag behind other countries on the World stage.

Now is the time to dare to speak the Truth about the inroads that corruption, fraud & scams have made into every strata of society which has weakened the financial backbone & GDP.

If no-one heeds this call, it will be too late to secure the future of humanity and the coming generations.

Look out for the next part in this series!