Page 2 - Financial Fraud
Best of BS Opinion: Financial offences, new MPC's first policy, and more
Here's a selection of Business Standard opinion pieces for the day
 "Best of BS Opinion: Financial offences, new MPC's first policy, and more")
Financial offences? Pay a small change, and carry on
Scams, misconduct, and misdemeanours happen with high regularity not because these are inevitable, but because the price of getting caught is insignificant
DHFL used multiple software to hide fraudulent deals: forensic report
FoxPro used to show disbursements, receipt of funds from over 260,000 fictitious borrowers
 "DHFL used multiple software to hide fraudulent deals: forensic report")
Top headlines: Tata-Mistry shares' dispute, India trials for Russia vaccine
Business Standard brings you the top headlines of the day
 "Top headlines: Tata-Mistry shares' dispute, India trials for Russia vaccine")
YES Bank case: ED slaps Rs 5,500-crore kickback charge on Rana Kapoor
Charge sheet filed against YES Bank co-founder
 "YES Bank case: ED slaps Rs 5,500-crore kickback charge on Rana Kapoor")
I-T detects Rs 735-cr financial fraud in raids on BMC contractors
The operation "also led to the detection of the use of bogus companies (floated by entry providers) for giving entries to businesses in the form of loans or bills for expenses, among others".
 "I-T detects Rs 735-cr financial fraud in raids on BMC contractors")
SFBs and Payments Banks' physical approach, financial literacy reduce fraud
Despite reducing paperwork and simplifying processes, most customers require assistance, thereby concentrating transactions at physical branches.
 "SFBs and Payments Banks' physical approach, financial literacy reduce fraud")
