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Financial Investigations, Frauds and Economic
Offences:-
This is a highly specialized field and qualified persons
like Chartered Accountants, Bankers, Financial experts
are to be catered to. All intricacies involved, procedures
to be followed, and modalities to be adopted in investigating
financial frauds and economic offences are to be mastered.
Multinationals like KPMG, Price Water House etc. have
special divisions to deal with audits, frauds and other
irregularities and they spear-head their client's investigations.
With loan facilities increasing by the day, banks and
financiers also need to investigate prospective borrowers,
their capabilities, background and past records. Recoveries
of bad-debts are a very significant part of financial
investigations.This requires assets verification, due
diligence and litigation support for execution of decrees.
Various minor acts, corporate laws and their provisions
are to be mastered. Police help, and access to public
documents is to be managed. Law enforcement agencies like
income tax departments, excise & customs departments,
sales tax department, are to be approached and geared
up. Modus operandi of white collar criminals, cheaters
and defrauders are to be learnt. MMC undertakes this job
and also provides man power for this speciality. |
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