Hello Vinod Bidwaik,
While the expose does indeed look scary, I second Dinesh Divekar about corruption in regular recruitment.
The whole irony of the situation TODAY is that everyone was silent when it all began way back in the late-nineties [in the Y2K hiring boom--not sure how many today recollect that phase in Indian IT industry--when the people needs were in lakhs and that too within a span of 1 year & they needed to be hired 'come-what-may'], except that @ that time it were the IBM Mainframe Training Institutes rather than Engg Colleges.
I have had First-hand encounters with recruiters of well-known IT majors who point-blank used to mention what their 'rate/cut' was--that was the period when NONE @ the top encouraged any talk of corruption in IT industry. And one of the Major pioneers in this game in the Y2K era--so to say--has been a Major IT company that's still in news--on & off--for all the wrong reasons [and which has changed hands in 2009--no prizes for guessing].
Looks like this only proves all over again that 'a stitch in time saves nine'--when things were still @ a starting phase, everyone took a 'holier than thou' stand [I recollect the local HR Head from one of the IT Majors mentioned in the Report saying 'it can't happen here'] & now wrack their brains on what to do.
In a way, maybe we Indians learn & act only when things get desperate/critical--like it's been happening all over the country in a wide range of areas.
Rgds,
TS