Fraud

Starting a business is tough enough without falling for various types of frauds. The impact of fraud in any organization can be massive. Not only can it have a significant financial impact, but, depending on the type and severity, it can also destroy an organization. What is Financial Fraud?Financial fraud can be broadly defined as an intentional act of deception involving financial transactions for purpose of personal gain. Fraud is a crime and is also ...

Rotomac Pens owner Vikram Kothari is allegedly has gone untraceable after taking loans worth Rs. 837 crore. Kothari took loan of Rs. 352 crore from Kanpur branch of Allahabad Bank and Rs. 485 crore from three other banks: Bank of Baroda, Indian Overseas Bank, and Union Bank of India. Rajesh Gupta, ...