Employee fraud costs India $40 bn India maybe losing around US$40 billion to employee fraud every year. A recent research done by a Pune-based research and consultancy firm states that employee fraud in the country is remarkably high and rangers between 17 and 20 percent.
Addressing a one-day conference on employee frauds in Bangalore on Friday. Mayur Joshi, Chairman, India Forensic Consultancy Services said a large number of people fake their documents for employment. More...

India Fraud Survey Report 2008: KPMG Source: KPMG Archives and various other websites post the report release in March 2008.
Terming the country as a 'fraud haven' with about 60 per cent of the firms having detected frauds in past two years, global consultancy major KPMG on Tuesday said that India Inc is still unprepared to handle this menace. More...

India stands to lose $40b due to employee fraud The country is set to lose $40 billion, if fraud by employees is not controlled. The financial impact of fraud arising from breach of internal controls, submission of fake resumes, data theft, kickbacks and misappropriation of assets was discussed at a one-day seminar on employee fraud. Organized by Pinkerton Consulting and Investigation and India Forensic on Friday, the seminar was addressed by eminent persons in the field of employee fraud investigation. More...