Indiaforensic – Brand that quantified the fraud losses to India.
After reading the news about frauds, one of the first question that strikes the mind of common man is what would be the consolidated amount of frauds that the whole of the Nation would be losing.
Indiaforensic came out with the research which was widely publicized and accepted at various levels as the benchmark which quantified the amount India loses to the occupational frauds. India loses $40 billion to the frauds committed by the employees every year.
In its first employee frauds conference in Bangalore, Indiaforensic chairman, Mayur Joshi announced this amount which was equal to more than 4% of the consolidate income of India.
See some of the interesting headlines in various newspapers in India
- Hindu Business Line mentioned that Corporates losing more from within
- The Times of India covered the research stating India might be losing $40 billion to frauds
- Outlook Magazine covered the research with the same heading India might be losing $40 billion to Frauds