jaspreet87
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Corporate fraud and corruption in India has taken a slight dip during the financial year 2010-11, according to a survey released on Tuesday by leading risk consulting company, Kroll in partnership with Economist Intelligence Unit in its annual global fraud report.
The survey, which may come as a relief for the scam-battered UPA government, covered 124 top executives working with leading private corporates across India. The survey that began in June this year says the prevalent rate of fraud in India has fallen to 84 per cent during 2010-11 from 88 per cent a year ago.
However, the survey points out that the corruption level in India is still amongst the highest in the world, behind Africa but in line with China.
The survey also highlights the effects of Anna Hazare and the Lokpal Bill as possible factors for the turnaround, which clearly shows an increasing appetite for change in India.
The survey, which may come as a relief for the scam-battered UPA government, covered 124 top executives working with leading private corporates across India. The survey that began in June this year says the prevalent rate of fraud in India has fallen to 84 per cent during 2010-11 from 88 per cent a year ago.
However, the survey points out that the corruption level in India is still amongst the highest in the world, behind Africa but in line with China.
The survey also highlights the effects of Anna Hazare and the Lokpal Bill as possible factors for the turnaround, which clearly shows an increasing appetite for change in India.