Page 2 - Financial Frauds

Forensic audits business expected to boom as RBI prepares new norms

RBI's Annual Report for FY19 says the number frauds went up by 15% to 6,801 cases

UP govt to crack down on phony investment firms, starts training police

Initiates special workshops for cops on dealing with financial crimes, launches investor awareness programmes

From PNB to IL&FS, probes into top financial scandals to be settled soon

The net is closing in on Punjab National Bank, IL&FS, ICICI-Videocon, and AugustaWestland

Modi govt plans 'sanitised list' of CAs & companies, to collect KYC details

Move comes against the backdrop of instances of corporate frauds and various alleged lapses in corporate governance practices

Modi govt plans a way to stop future 'Nirav Modis' from fleeing the country

To deal with such issues, the government last month promulgated the Fugitive Economic Offenders Ordinance, 2018

PNB, WhatsApp cases: Sebi to crack down hard on errant CAs, CSs, valuers

Sebi may issue a warning, launch adjudication proceedings and initiate prosecution against the entities for any default

Urgent need of an agency to investigate financial fraud and cyber offences

The resources and skills needed for investigating financial fraud and cyber offences differ from those required for investigating violent crimes. We need a new agency focusing on non-violent offences

Debit, credit card frauds: Banks will insist on an FIR

Once you lodge a complaint with the bank and block your card, you must lodge a first information report with the local police station