Study finds corporate fraud in India rose 45% in last two years

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Corporate fraud rose by over 45 per cent in India in the last two years and the lurking risk has been dissuading global companies from investing in India, said a study. The study by the Associated Chambers of Commerce of Indiaand Grant Thornton said companies related to real estate and infrastructure sector (52%) are considered to be the most vulnerable to fraud-related incidents, followed by financial services (34%), telecom (5%), manufacturing (3%), electronics and IT/ ITeS (2%), and hospitality and tourism (2%).

Read the story in The Economic Times. http://articles.economictimes.indiatimes.com/2015-01-14/news/58066216_1_corporate-frauds-strong-internal-controls-tax-evasion

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