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

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