The average size of frauds since 2009 is Rs 502 crores, an increase of almost 80% from the average of the past 15 years which was Rs 381 crores,” said the latest study report by Thought Arbitrage Research Institute (TARI), in partnership with UN Global Compact India.
Corporate frauds in India have increased in the last 15 years in terms of both size and scale of the fraud. More than 50% of frauds are related to defrauding lenders and to siphoning of funds by the promoters or top management. The significant increase is due to a nu
