In the balance – India

Financial fraud in India is just as common as in other countries with a fast emerging economy; however, it is the attitude of Indian companies’ management towards fraud detection and follow-up that protects the perpetrators, writes Raghavendra Verma in New Delhi.

“The spirit of adopting proactive approaches against frauds is completely missing in this country,” Mukesh Bajaj, a risk management consultant in Mumbai at CreditCheck Partners told Fraud Intelligence.