Frame proper guidelines to check frauds in coop societies: Madras HC

The Madras High Court Friday suggested the Tamil Nadu government to frame proper guidelines to curb frauds by functionaries of cooperative housing societies such as non-remittance of money paid towards repayment of loans.

US needs to upgrade to `smart card` technology to curb frauds

Security experts have pointed out that the United States need to incorporate smart card technology, which offers a much higher level of encryption and security than the magnetic strip cards used in America.

`Reforms without regulations led to frauds, scams`

India would have been able to avoid corporate frauds and scams in high places had it put in place regulatory mechanisms and certain policies, Veerappa Moily said.