Fixed Deposit fraud in Nationalised Banks

Ministry of Finance ordered the forensic audits in cases of the fixed deposit fraud in Dena Bank and Oriental Bank of Commerce. Apart from the forensic audit firms, CBI is doing the...

CBFA – Certified Bank Forensic Accounting

In India Forensic Accounting is still in nascent stage and it becomes very difficult to find and retain the forensic accounting resources in India. Bank Forensic Accounting is an endeavor to...

Equitable Mortgage Frauds in Indian Banks

Loans have become more accessible these days as banks are facilitating equitable mortgage, wherein you can pledge your property documents with the bank and avail a loan. However, there are many...

Co-operative Bank in Money Laundering

Cooperative banks have once again come under the scanner of the income-tax (I-T) department. While the department suspects a mega fixed deposit (FD) scam spread over several co-operative banks, there is...

Syllabus – Certified Bank Forensic Accounting

Syllabus for CBFA Certification in Bank Forensic Accounting emphasize a forensic rather than a control-based or risk management approach to the analysis of bank governance and the possibility of fraud. Participants will be...

Lloyds considering action against KPMG

Lloyds banking group is considering legal action against KPMG in HBOS Bank Audit. Accountancy giant KPMG in the UK is under scanner over the audit work that gave HBOS, banking and...

India loses more than 17000 crores to bank frauds

Indian banks have lost more than 17000 crores to frauds in more than 26000 instances of frauds reported in the year 2012-13. Report published in Economic Times stated that the total...

Co-operative bank frauds rise to Rs.727 crores

National Bank for Agriculture and Rural Development (NABARD) has pulled up regional rural banks, state and district cooperative banks for substantial rise in value of frauds. Present set up and capabilities to detect, monitor...

Kabul Bank Fraud

Afghanistan has asked India to return two Indians,  who were senior officials at the Kabul Bank which sank in a $935 million financial scam - an emblematic case of Afghan corruption...

Kammer, World Bank and Indian frauds

“I participated to Indiaforensic’s (IF) fraud conference in June 2008, and, despite IF being a young organization, I was extremely impressed by the capacity and maturity of its staff. I had...

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