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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
Unauthorized and Fraudulent Mobilization | 67
Fraudulent Mobilization of Deposits in
the Guise of Providing Goods or Services
A company claiming to be providing online gam-
ing service, formulated a scheme in which inter-
ested persons could ‘subscribe’ to the scheme by
paying a minimum ‘subscription’ of `10000 and
further multiples of the same. The company
gave assurance of minimum 10% interest (called
bonus) every month on the sum provided by such
persons. As per the scheme, the total period for
retention of such deposits, called ‘subscription’,
was thirty months. However, the members were
entitled to refund of the amount on expiry of one ...
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Publisher Resources

ISBN: 9789332540866