Corporate fraud

Corporate fraud News

Man poses as VIP to take over IT firm in Hyderabad

Hyderabad: A 27-year-old man allegedly posed as a VIP and took over a city-based software company after threatening the firm's two directors, Cyberabad police said.

Since inception, 6 probes by SFIO led to convictions

Agency took 542 days, on an average, to complete investigations for each of the 162 cases probed by it.


Corporate fraud in India zoomed in last 15 years: Report

Over half cases of fraud deal with siphoning of funds by promoters/management.

I-T finds no sign of big fraud in Reebok case

About two months after a criminal case was filed by Reebok India against two of its former employees over a scam allegedly involving Rs 870 crore

Corporate fraud: Rs 132 cr recovered from Pune region

The Directorate General of Central Excise Intelligence,Pune regional unit,has recovered a record Rs 132 crore and made three arrests in cases of corporate frauds in 2011-12.

1991 loopholes birth scams,hints Moily

When Manmohan Singh unveiled liberalisation in India,seeds of scams were sown.


Firms add teeth to whistleblower policies

They have also introduced hotlines for external stakeholders to report cases.

More muscle for corp anti-fraud system

Govt may tighten its Early Warning System to scrutinise activities of companies to check fraud.

India Inc can fight fraud with tech: PwC

Satyam-type scams can be stopped dead,but many companies are cold...

More financial fraud feared in 2010,2011

56 pct of respondents think more frauds will be unearthed this year than last 3 yrs combined.