Skip to Content
Corporate Governance & Fraud Risk Management
book

Corporate Governance & Fraud Risk Management

by Balwinder Singh
January 2014
Intermediate to advanced content levelIntermediate to advanced
92 pages
3h 17m
English
Pearson Education India
Content preview from Corporate Governance & Fraud Risk Management
24 | Chapter 3
banks and nancial institutions, which provides
the opportunity for diversion of the funds by the
promoters/management.
The use of shell companies for siphoning o
loans obtained from banks and nancial institu-
tions is explained at length with cases studies in
the next chapter.
Providing Advances
Another modus operandi used by the rogue pro-
moters/management is by providing ‘advances’
to the front companies for purported supply of
certain goods. No supplies actually change hands.
There is no intention to actually recover the so-
called ‘advances’. The money is again routed
through a chain of front companies before either
withdr ...
Become an O’Reilly member and get unlimited access to this title plus top books and audiobooks from O’Reilly and nearly 200 top publishers, thousands of courses curated by job role, 150+ live events each month,
and much more.
Start your free trial

You might also like

Enterprise Risk Management: A Guide for Government Professionals

Enterprise Risk Management: A Guide for Government Professionals

Karen Hardy, Allen Runnels
ERM - Enterprise Risk Management: Issues and Cases

ERM - Enterprise Risk Management: Issues and Cases

Christopher Ketcham, Jean-Paul Louisot

Publisher Resources

ISBN: 9789332540866