Financial Frauds News
Sebi has proposed a heavy penalty for altering, destroying, mutilating, concealing or falsifying records and documents or other tangible objects
Even as India is seeking the extradition of liquor baron Vijay Mallya, former Indian Premier League (IPL) chief executive Lalit Modi and diamantaire Nirav Modi for financial frauds, India and Britain have signed a memorandum of understanding (MoU) on cooperation in the areas of law and justice.
Following the November 8 demonetisation, cyber security solutions provider TAC Security received more than 50 hacking incidents in a month's time, the company revealed on Tuesday.
Regulators have to work together to not only enhance their capacity to deal with financial frauds, but also to remove any regulatory arbitrage.
Firstpost spoke to Mayur Joshi, CEO, Indiaforensic.com, a company engaged in prevention, detection and investigation of frauds. Joshi answers questions about various frauds, a few tips to prevent yourself from such frauds and more.