INDIA STARTING TO MOVE AGAINST DEEPLY ENGRAINED COMMERCIAL CRIME
July 1st, 2008 BY RAGHAVENDRA VERMA THE RAPIDLY growing Indian economy is experiencing a sharp rise in corruption, money laundering and various other financial crimes. However the central government is trying to curb fraudulent activities and make the system more transparent. Raghavendra Verma reports from New Delhi. INDIA is a "fraud haven", says a recently released survey (March 2008) by the US-based accounting giant KPMG. From 12,374 in 2005, the number of detected economic frauds, (as per government data), has risen to 22,280 in 2007, and the country is now ...
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