Finance : The paper shows that loan fraud persists due to enforcement failures, not lack of legal provisions. It highlights delays in detect...
CA, CS, CMA : This article explains how forensic accounting has exposed major corporate frauds that escaped traditional audits. The key takeaway...
Corporate Law : This explains how courts can order the release of money seized or frozen during cyber-fraud investigations. The key takeaway is th...
Corporate Law : Explore the methods forensic auditors use to detect financial fraud, from red flags to data analytics, and their critical role i...
CA, CS, CMA : Examine recent accounting frauds in India, their root causes, and the corrective actions taken by professional bodies, government,...
Fema / RBI : The government informed Parliament about measures taken with RBI and other agencies to identify and block illegal loan apps operat...
Finance : Government responds to rising QR code frauds, highlighting initiatives and awareness campaigns to safeguard digital payments in ru...
Corporate Law : SFIO investigates three EV companies for Rs. 297 crore subsidy fraud under FAME-II. Alleged violations include importing restricte...
Corporate Law : SFIO investigates 36 corporate fraud cases in the past 3 years, with 41 cases filed and 25 convictions. MRAU enhances fraud detect...
Corporate Law : Delhi Police Cyber Crime & CEIB warn against fake emails alleging child pornography & cyber crimes. Stay vigilant & report any sus...
Income Tax : Delhi High Court has directed readjudication in the case of Praveen Bansal Vs ITO, stating that the assessment order under Section...
Goods and Services Tax : Supreme Court's ruling in Sheetal Mittal vs. State of Rajasthan, where anticipatory bail was denied due to fabricated GST number a...
Corporate Law : HC held that domain name https://india-mart.co/ shall be immediately blocked. MeitY/DoT to issue blocking orders within 24 hours f...
CA, CS, CMA : Since the ex-promoters/directors and similarly situated chartered accountants have been granted bail, there is no reason why the A...
CA, CS, CMA : CBI Vs. Devendra Chaturvedi (Special Court for CBI at Greater Bombay) In nutshell, it is the allegation against accused that they ...
Company Law : NFRA issued a circular highlighting statutory auditors' obligations to report fraud in accordance with Companies Act, 2013. Circu...
Fema / RBI : Fraudsters attempt to get confidential details like user id, login / transaction password, OTP (one time password), debit / credit...
Fema / RBI : It is reiterated that all Concurrent Auditors are required to:- To cross verify that all outbound SWIFT messages vis-a-vis their c...
Fema / RBI : There have been reports in the media that in the wake of fraud involving a sum of USD 1.77 billion that has surfaced in Punjab Nat...
Section 447 of the Companies Act, 2013 (‘Act’) provides for the punishment of fraud in company matters. The offence of fraud is punishable, on conviction, with imprisonment, a fine or both. In recent years, with increased frauds, the Indian regulators have deemed it most apt and important to regulate the frauds in company matters.
Detect suspicious activities with money trail to identify Financial Frauds in India. How we can Identify money trail in cases of financial frauds Learn the best way to spot fraud and stop it early.
Understand the types of financial frauds perpetrated by companies and how an auditor can help detect them. Learn more with this article from India
The digital age has brought with it a host of new opportunities, including the ability to conduct business electronically. However, with this newfound convenience comes the potential for fraud, which can have a devastating impact on an organisation’s finances and reputation.
When it comes to fraud in organizations, know the red flags: employee theft, financial fraud and more. Auditors must review financial statements, governance documents, employee files to spot differences & check for accuracy.
Learn how PMLA an effective framework to tackle corporate frauds in India per Prevention of Money Laundering Act. FIU can share data with CBI & ED to investigate & prosecute money laundering activities.
Examining the causes of Corporate Fraud in India: India has seen a rise in cases of fraud in recent years, learn more about the laws enacted to combat it. Have banks been able to stop the menace?
GO Mechanic scandal reveals undisclosed payments to promoters & affiliated entities. Investors were misled & funds misappropriated. SFIO investigates.
Learn about the different types of fraudulent activities, including fraud for personal gain and corporate frauds/irregularities.
HC held that domain name https://india-mart.co/ shall be immediately blocked. MeitY/DoT to issue blocking orders within 24 hours from receipt of present order.
