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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
Frauds by Companies Running Pyramidal Schemes | 51
to sell sham survey kits for which they were charg-
ing INR 11,000 each. Thousands of Indians partici-
pated in it and through this process, a few hundred
crores worth of money was remitted abroad.
Regulatory Gaps
The Prize Chits and Money Circulation (Banning)
Act has been enacted by the Ministry of Finance,
Government of India and the enforcement of its
laws has been entrusted to the state governments.
It has been observed that there is ambiguity in the
role of central agencies with regard to this Act. Be-
cause of these regulatory gaps, a large number of
unethical companies are exploiting the ...
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Publisher Resources

ISBN: 9789332540866