Changing course to avoid the tide

Changing course to avoid the tide

Seeing the increase in the number of frauds/scams, TAIT has decided to take strict action against offenders to discourage such practices

Sonam Gulati

Monday, January 12, 2009

MUMBAI, INDIA: In a bid to take their economic reform movements a step further and to avoid more cases likes the one involving ABS Systems, Trade Association of Information Technology (TAIT) has issued a letter stating the end the offenders would meet if caught.

TAIT has issued a set of seven rules: firstly, the name of the party found guilty of fraudulent activities will be published in TAIT active group and the official TAIT magazine.

Secondly, all the members will immediately stop giving any due payments to this party, then, none of the members would indulge in nay business with that party from then on.

Also all the main vendors will be informed and requested to stop all business transactions with such parties; the association will also lodge a complaint on behalf of the TAIT members at a nearby police station; a penalty of the amount equal to the total damage done to all the affected parties will have to be paid by the offenders; and finally all warranties for material purchased by this party will be withdrawn by informing the concerned vendors.

The recent case involving ABS Systems which was also covered by The DQ Week has got the IT industry in Mumbai on tenterhooks, and TAIT is not willing to take any chances.

When contacted, Champak Raj Gujjar, Ex-Chairman and Director, TAIT said, “The situation is pretty bad all over the nation these days, and we don't want any of our members to suffer. Also, we want to spread awareness regarding these scams, as the people who eventually are affected suffer because of their lack of awareness. We want to avoid more such scams. If someone is selling something at a generously low price, instead of grabbing it, the partners should wonder why is it so cheap,” he added.

“TAIT has been quite active to mellow down the current recession effects and this is an addition to our endeavors,” stated Gujjar.

Earlier TAIT had issued guidelines on how to avoid letting the recession take a toll on members and their businesses.

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