Figure Watch

Finding frauds

A typical fraudster, as per a survey undertaken by KPMG, is a male within the age group of 26-40 years and has an annual income in the range of Rs 1 lakh to Rs 2.5 lakh. The survey covered 800 companies from both the private and public sector and found that 57 per cent of the respondents experienced frauds in their organisations with reported losses of approximately Rs 2,307 million in 1998.