A FAST-GROWING INDIAN ECONOMY IS CAUSING A RISE IN FINANCIAL FRAUD – BUT NOT IN FRAUD REPORTING
September 1st, 2011
BY RAGHAVENDRA VERMA
FINANCIAL fraud in India is just as common as other countries with a fast emerging economy; however, it is the attitude of Indian companies' management towards fraud detection and follow-up actions that hinders the detection of fraudsters in India.
"The spirit of adopting proactive approaches against frauds is completely missing in this country," said Mukesh Bajaj, a risk management consultant in Mumbai at CreditCheck Partners.
The discovery of bribery, corruption, financial statements irregularities and conspiracy to commit fraud ...
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