M&M Financial down 8% as NBFC defers Q4 results amid ‘fraud’ at Northeast branch
Fraud involved forgery of KYC documents, leading to embezzlement of funds in respect of retail vehicle loans disbursed by the company
corporate fraud
April 2024
October 2020
August 2020
December 2019
July 2019
February 2018
What SEBI’s new forensic audit rules mean
The new SEBI rules can provide an impetus to Indian organisations to focus on investing in fraud prevention mechanisms in order to detect red flags early on.
Lessons from white-collar crimes
It’s only when we admit that our propensity to err is much greater than we often imagine that we’ll begin to take necessary steps to reform ourselves.
Boards need to look beyond quarterly numbers: PwC
India Inc. has seen grave corporate governance failures: From ICICI Bank to IL&FS to Jet Airways, the list is long and the damages bigger. What can firms do to protect stakeholder interests?
Banks taking higher covers to cut losses from frauds
Cyber risk is the biggest emerging threat for the sector.
How blockchain can prevent LoU scams
An ideal solution would be a permissioned blockchain where all the banks as well as the regulators would have nodes.
Can blockchain help prevent bank scams?
Blockchain may be the answer as no single authority has complete control over it, so there is no central point of failure.
Jewellery exporters blame Nirav Modi for credit crisis
The Gems and Jewellery Export Promotion Council condemns the incident and asks for a quick, thorough investigation.
NiMo through a Firestar lens
Nirav Modi’s Firestar International could have ranked 217th in the 2016 Fortune India 500 list.
Nirav Modi’s grand design
Nirav Modi is allegedly the master designer of a Rs 11,300 crore mega fraud, but that’s not how the world always knew him.
