There's probably barely any big consulting firm or bank that does not have offshore mega offices (in India) where a lot of important work happens in equities, commodities, etc. Citibank, BOA, PWC, you name it. All employ tens of thousands of people in India.

Even tech cos. like Amazon are hiring their next wave of knowledge workers offshore.

It's not like the offshore heads can force anyone to do so, or the Indian government is providing huge incentives (like for manufacturing in china). It's because the decision makers believe doing so is the right thing. If it's anyones fault, it's the heads of these organisations that are to blame, for prioritising perceived cost savings over what their own workforce thinks or does.

Having a great sales pitch and not being able to deliver is not a fraud. It's something that companies trying to bite more than they can chew often result in.

Also, I agree that having to teach your offshore counterpart how to do their job is absolutely ridiculous. It makes me wonder, how selfish can these corporates be, that they prioritise their profit or share price or bonus, over their own workforce.