COMPANIES LIKE SATYAM-ICSI

Companies like Satyam indulge in the following activities that come

under the ambit of unethical practice:

a) Resorting to dishonesty, trickery or deception.

b) Distortion of facts with a view to misleading or creating

confusion.

c) Manipulating executives emotionally by exploiting their

vulnerabilities.

d) Resorting to profiteering due to excessive greed.

e) Over invoicing through false documents to show higher profits.

f) Using political clout to avoid penalty or compensation for

unlawful act.

g) Lack of transparency and avoiding investigation.

h) Damaging the environment by violating the government

prescribed norms for pollution.

i) Resorting to money laundering.

j) Diverting through foul means from a public limited company to

family-owned concerns.

k) Abusing the legally constituted institutions such as boards of

directors, auditors and independent directors to achieve

nefarious ends.