Frauds in India

1. Mumbai | Pune | Hyderabad | New Delhi | Chennai | Bengaluru
Indo German Chamber of Commerce
29 October 2015

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Source: Google Trends Jan 2013 to Sep 2015

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Scenarios or circumstances in which the management
should consider conducting investigations
Limitations in extracting information
Involvement of third party
Highly sensitive (Trade information) requires
third person/independent review
Sophisticated and Specialised Area
Possibility of evidences getting
damaged/impacted in the process

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They may
delete the
data
Data is in
the network
Suspects are
key personnel
Vendors and
suppliers are
also suspected
Transaction
structures are
complex

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10
9
8
7
6
5
4
3
2
1
Game
Hammer
High
Medium
Low
Many
Some
Few
Senior
Middle
Low
Employee
Level
No of third
parties
Nature &
complexity
of issue
What factors to
consider for
planning
investigation

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Start
Reports &
documents
Applications installed
eg. software used to
wipe information
Emails
Internet
activity Chat Log
Media info
(Photo, scan
doc, video
etc)
Usage of USB
WiFi usage
Specific
Folders
Secured
information
Draft
agreements
Deleted
Information
Personal
Identity info
Network
information
Downloaded
content

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Internet history/
activities
Key chat
exchanges
Mails/files
downloaded to
mobile
Search history/
flagged places
Files uploaded/
downloaded from
storage sites
Contact list and
frequently
contacted
indications
Social media cache
memory
Call and text history

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D&B reports
Regulatory
reports (tax,
ROC,
electoral
list)
B2B and B2C sites
(Just dial, Sulekha)
Social Media
Public
information
(true caller/
association list/
school list)
News,
magazines,
advertiseme
nts
Profile and
CV’s
Blogs/
comments or
other
references

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Nature of case in
question
An issue involving third
party, key stakeholders etc
Potential legal
complications
With JV partners, business
partners or key managerial
personnel
Advise on guiding
through the issue
Guidance on how certain
issues needs to be handled
and what aspects should be
considered in it

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Guiding on way
forward post court
proceeding
Cooperating with
law enforcement in
investigation
process
Serving notice on
identified
individuals (Civil)
Consolidation and
securing of
evidence
Handle court
proceedings
Approaching Law
enforcement for
registering the case
Agreeing on legal
approach and the
key considerations
therein

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Guiding on how
information, evidence
and approach towards
way forward would be
handled in confidential
mannerStructuring
protocols on Who
can, to whom, when
and how share any
information relating
to investigation
Defining the
stakeholders, key
people who would
be involved in the
investigation and
people who should
be informed about
the investigation

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Whistle blowers are CONCERNED about 3 C’s
Confidence – on reporting
mechanism / its independence
Comfort – on confidentiality / non
retaliation
Clarity – in roles and obligations

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1. Enhance whistle blowing
2. Investigate concerns &
violations
3. Enhance measures to
minimize fraud
4. Develop mechanism to
detect fraud
5. Promote ethical culture6. Enhance capacity of
investigation team
7. Structure mechanism for
fraud reporting

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