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Bank Fraud Lessons: Influencing Today’s Audits -I

Finance : Discover real-life bank fraud cases involving misappropriation of funds, forgery, and cyber fraud. Learn valuable insights to prev...

March 16, 2024 1041 Views 0 comment Print

Impact of Financial Market Regulations on Fraudulent & Unfair Trade Practices

Corporate Law : Discover influence of financial market regulations on fraud and unfair trade practices globally. Analyze key regulations, challeng...

October 14, 2023 561 Views 0 comment Print

Satyam & PNB Scandals: A Wake-Up Call for India’s Enforcement & Investigating Agencies

Finance : Explore Satyam and PNB scandals in India's corporate world and how government agencies like CBI, SFIO, and ED played a pivotal rol...

September 15, 2023 1800 Views 1 comment Print

Major International Financial Fraud Scandals: Analysis & Impact

Corporate Law : Explore significant global financial fraud cases, including Enron, WorldCom, Barings Bank, Madoff's Ponzi scheme, Parmalat, VW's e...

September 14, 2023 1461 Views 1 comment Print

Absence of Board of Directors Leads To A Corporate Fraud Case Analysis: Bank of Credit And Commerce International (BCCI)

Corporate Law : Dive into the corporate fraud case analysis of the Bank of Credit and Commerce International (BCCI). Explore how the absence of a ...

September 8, 2023 717 Views 0 comment Print


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Indian Cyber Crime Coordination Centre (I4C): Alert on Counterfeit Emails

Corporate Law : An urgent alert from Indian Cyber Crime Coordination Centre (I4C) about counterfeit emails impersonating its CEO. Learn how to rec...

September 4, 2023 6756 Views 0 comment Print

SFIO investigating affairs of Sahara India Group companies: Govt

Company Law : GOVERNMENT OF INDIA MINISTRY OF CORPORATE AFFAIRS LOK SABHA UN-STARRED QUESTION NO. 1282 ANSWERED ON MONDAY, JULY 25, 2022/ SRAVAN...

August 4, 2022 1356 Views 0 comment Print

ED attaches accounts of ‘Kudos Finance & Investments Pvt. Ltd.’ in Loan App case

Finance : ED has provisionally attached Rs. 86.65 Crore lying in various bank accounts and payment gateway accounts pertaining to NBFCs name...

July 8, 2022 897 Views 0 comment Print

RBI Booklet on Modus Operandi of Financial Fraudsters

Fema / RBI : There has been a sizable surge in usage of digital modes of payment during the recent years. This has not only led to improved cus...

July 28, 2021 6225 Views 0 comment Print

Comprehensive steps to reduce incidence of frauds in banks

Fema / RBI : The Government has taken comprehensive steps to reduce the incidence of frauds in banks. The steps taken include, inter-alia, th...

July 24, 2019 1020 Views 0 comment Print


Latest Posts in frauds

Bank Fraud Lessons: Influencing Today’s Audits -I

March 16, 2024 1041 Views 0 comment Print

Discover real-life bank fraud cases involving misappropriation of funds, forgery, and cyber fraud. Learn valuable insights to prevent financial losses and safeguard your institution.

Impact of Financial Market Regulations on Fraudulent & Unfair Trade Practices

October 14, 2023 561 Views 0 comment Print

Discover influence of financial market regulations on fraud and unfair trade practices globally. Analyze key regulations, challenges, and SEBI’s role in India.

Satyam & PNB Scandals: A Wake-Up Call for India’s Enforcement & Investigating Agencies

September 15, 2023 1800 Views 1 comment Print

Explore Satyam and PNB scandals in India’s corporate world and how government agencies like CBI, SFIO, and ED played a pivotal role in uncovering these financial frauds.

Major International Financial Fraud Scandals: Analysis & Impact

September 14, 2023 1461 Views 1 comment Print

Explore significant global financial fraud cases, including Enron, WorldCom, Barings Bank, Madoff’s Ponzi scheme, Parmalat, VW’s emissions scandal, Wirecard, and Steinhoff.

Absence of Board of Directors Leads To A Corporate Fraud Case Analysis: Bank of Credit And Commerce International (BCCI)

September 8, 2023 717 Views 0 comment Print

Dive into the corporate fraud case analysis of the Bank of Credit and Commerce International (BCCI). Explore how the absence of a Board of Directors, lax corporate governance, and inadequate risk management led to its downfall. Uncover the role of regulatory gaps, ineffective audit systems, and strategic mismanagement in this infamous financial collapse.

Indian Cyber Crime Coordination Centre (I4C): Alert on Counterfeit Emails

September 4, 2023 6756 Views 0 comment Print

An urgent alert from Indian Cyber Crime Coordination Centre (I4C) about counterfeit emails impersonating its CEO. Learn how to recognize these deceptive messages and what actions are being taken.

Detecting and Preventing Errors and Frauds in Auditing: Guidelines & Responsibilities

August 10, 2023 8874 Views 0 comment Print

Explore the auditor’s role in detecting and preventing errors and frauds in auditing. Learn about responsibilities, challenges, and regulatory requirements.

NFRA Circular on Statutory Auditors’ Responsibilities in Reporting Fraud in a Company

June 26, 2023 9831 Views 0 comment Print

NFRA issued a circular highlighting statutory auditors’ obligations to report fraud in accordance with Companies Act, 2013. Circular emphasizes consequences for auditors who fail to fulfill their reporting duties and clarifies that resignation does not absolve them of their responsibilities.

Harshad Mehta Scam: Analysis of India’s Infamous Financial Fraud

June 22, 2023 27291 Views 0 comment Print

The Harshad Mehta Scam of 1992 is one of the most important financial frauds in Indian stock market history. Harshad Mehta, a stockbroker from Mumbai, took advantage of many flaws in the Indian banking and stock market systems to manipulate stock prices and profit massively.

ITAT Remands Matter to AO: Fake Document Preparation & Unauthorized ITR Upload by CA

June 15, 2023 7212 Views 0 comment Print

Delhi High Court has directed readjudication in the case of Praveen Bansal Vs ITO, stating that the assessment order under Section 148A(b) of the Income Tax Act is not valid if the escaped income is below Rs. 50 lakhs.