Benefits of Hiring a Professional and Experienced Corporate Investigation Service Provider

corporate investigation services in india

An increasing number of companies are dealing with corporate fraud incidents today. This further results in massive financial losses and also impacts the productivity as well as performance of the company in a negative way. This is one of the primary reasons why corporate firms require the services of a leading and reputed fraud investigator company in India. Fraud investigating companies have the requisite knowledge, experience, tools and resources required for conducting thorough investigation around any kind of fraudulent activity or incident. Here, discover more about the benefits of hiring a company that offers corporate investigation services in India.

Corporate Fraud-What is it?
Before we proceed further, it is important to understand what corporate fraud entails. Simply put, corporate fraudulent activities revolve around unethical or illegal activities/practices that take place within an organization and are conducted by an employee of the organization. Thus, the employee in question may either be a junior or a senior, and could be passing critical or confidential data and information about the company as well as its dealings with an outsider. Such an employee may also be secretly disturbing the management goals and activities of an organization, thereby causing harm to its overall reputation.

The Need for Corporate Fraud Investigation Services
Corporate fraud and illegal practices often results in funds misappropriation and also impacts the performance of an organization. Hence, it is impertinent for organizations to seek the services of a company that offers advanced and appropriate fraud and security investigation services in India. Together, with their team of professional and expert investigators, a fraud investigator company in India monitors the movements of the fraudster and even gathers relevant information around their dealings and meetings. Right from analyzing the movements of each and every employee to pinpointing the suspects, a reputed and reliable fraud investigation company analyzes the suspect’s action and behavior carefully.

How Can Fraud Investigator Company Help?
A corporate fraud investigator company in India offers a gamut of services when it comes to identifying the suspect and putting an end to fraudulent activities taking place within an organization. A fraud investigating company monitors the financial status as well as the lifestyle of the fraudster and also keeps a track of their personal assets. This further helps them in narrowing down or pinpointing the culprit. Additionally, their team of experienced fraud investigators conducts employee interviews and also locates, retrieves as well as analyzes critical data and information to catch hold of the fraudster.

Services offered by Fraud Investigation Professionals
Corporate fraud investigators offer a wide range of services when it comes to safeguarding the company from massive financial losses and identifying the culprit. They look deep into any cases of unauthorized transfer of funds, unexplained stock/inventory loss, misconduct on behalf of an employee, fraudulent invoices and other incidents of product mismanagement or theft, thereby helping an organization in protecting their brand and reputation.

From forensic accounting to asset searching, regulatory investigation, financial investigation and even internal investigation, corporate fraud investigators aid organizations in fraud assessment and management by carefully profiling the suspects and performing database as well as external and internal inquires.

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Checking Criminal Antecedents of a Prospective Employee

What is Criminal Verification?
When you are hiring someone for your company or business, you need to be sure that the person is an honest and forthright person, and the only way to do this is by using criminal verification services in India. Criminal verification services in India include hiring the services of a professional organization to look into that person’s past criminal history, without infringement of civil rights.

Police Verification: Criminal verification services in India work in conjunction with the police, because they can supply important and pertinent facts about any FIR’s lodged at local stations. Nowadays, police verification is quite sensitive and widely accepted as a very important part of criminal verification, particularly in industries like Transport, Guarding, as well as Education. In normal circumstances, a special investigation team from the criminal verification services in India pays a visit to the Police department, to try and obtain any antecedents of crime by the person concerned.

Court Record Check: These are done to see if there is any on-going case which the candidate is fighting in court, including the High Court as well as the Supreme Court. The reason for doing so is that there are a rising numbers of defaulters at large, as well as fraudsters, and employers need to screen them out while selecting a suitable person. Criminal verification services in India can be only carried out by a leading law firm which is registered with the Bar Council of India.

What Constitutes A Criminal Record?
When criminal verification services in India checks a person’s criminal records, it is examined for all non-expunged offenses and also can include traffic offenses, including speeding and drunk driving. Again, misdemeanors are a smudge on a person’s records, and thought they have much lighter punishments meted out; they stay on record for the person’s entire lifetime. The thoroughness of the check also plays a part, though minor.

Some important definitions;

  • Misdemeanor: Offenses with sentences of 15 days to a year.
  • Violation: Non-criminal offenses carrying sentence no exceeding 15 days.
  • Felony: A criminal offense for which the individual can be sentenced for periods exceeding one year.

The Scene in India: Criminal verification services in India mostly depend on police report verification. The challenges faced include the absence of a centralized criminal database. This makes it difficult, and at some time impossible for criminal verification services in India to effectively track down the antecedents of a certain person whose past is a bit shady, yet who has no existing records. In these cases it is recommended to let the candidate go, instead of risking it. The police force is also quite understaffed and overburdened as well. Lacking a technological setup, and relying mostly on paperwork, it takes time for a request to get through for a check, and these files and folders dot have security. The last factor to consider for criminal verification services in India is compliance with the global rules. Many a time, information is acquired through unscrupulous means and this is something worrying.

Do You Really Know Your Employee?

Need for background checks
Having a background check services in India carry out a background check on employees of our company cannot be considered a luxury anymore, in fact it is a safeguard against future mishaps. You can never be sure of a person’s antecedents and if they are not up to the mark, he/she will try and cover them with false or misleading information. Background check services in India rule out this possibility with a thorough screening of the past of the candidate.

The rules and regulations
Assuming you want to do background check services in India, you’re in the Human Resources department, and entrusted with the task of inducting people in the workforce of the company. There are some rules and regulations that should be abided by. There are many different rules concerning labour and employment, which you should not fall foul of.There are also certain limitations imposed by the law on how far you can invade a person’s privacy, be careful to skirt the boundaries of this law when doing background check services in India.

Screening post-employment
Generally, after conducting background check services in India, the company will not hire more employees unless the industry requires it or a client asks for extra manpower to speed up a delayed project. Hence, post –employment or on-going screening of current employees is a SOP in most companies in India.

Contingent labour force
Background check services in India needs to also include checks on the contingent manpower at hand, including vendors, transporters, as well as temporary workers. There are many companies with seasonal trends like entertainment, retail and construction. It makes no sense to hold on to the labour force for the entire term and pay through the nose, for only a season or two of work in the entire year. When background check services in India are carried out in these cases for seasonal manpower, it is important to be diligent about it. Most HR departments are very easy-going on this and depend on freelancers as well as independent contractors for this workforce. Nowadays most companies consider contingent screening as important as they see how a bad choice in background check services in India can lead to repercussions in terms of lost time and money, not to speak of reputation.

The impact of technology
Background check services in India is also changing because of the ever-changing face of technology, which is evolving like never before. Human Resources teams in companies regularly have to deal with software being installed on their systems in order to carry out background checks more efficiently and stringently. These are commonly called background screening solutions because they simplify give accurate results at the same time.

Third party background verification
When a third party becomes party to the scene in carrying out background check services in India, the parent company can be assured that they will get results, because third parties have large databases to access as well as skill and knowledge along with best practices within the limits of the law.

Wading Into Murky Waters with Corporate Investigation

What is meant by corporate investigation?
Corporate investigation services in India involve a thorough investigation of a corporation or business so as to uncover any kind of wrongdoing committed either by the management, employees or third parties. It is an essential service in the light of the complexities of business nowadays, where it is easy to get away with a quick penny earned on the side.

Different types of corporate investigations
Corporate investigation services in India vary upon the business that is in question. The legitimacy of a business partner, instances of stealing by employees, fraud as well as embezzlement, are some of the things that corporate investigation services in India can successfully accomplish.However, the main job of the corporate investigation company will be to make sure that the workings of the company are within the framework of law.

Types of corporate investigation services in India

  • Undercover: the investigator blends into the company, ashamedly as an employee, and investigate cases of theft, drug use, or even cases of sexual harassment. Covert surveillance is a preferred method with them.
  • Research based: here investigators use available material and data to compile facts and figures in order to find companies which your company can conduct business with. Corporate investigation services in India are very useful in the case of mergers and acquisitions, venture capitals, investments in a particular field, as well as private equity.
  • Financial: here the focus is primarily on white collar crimes like fraud, laundering of money and embezzlement as well.
  • Electronic: Corporate investigation services in India are also into electronic investigation where electronic information is collected as evidence, and erased data is sometimes possible to restore.
  • Corruption: these involve bribery, foreign exchanges which are illegal and industrial fraud, including espionage.

Possibilities to consider with corporate investigation services in India
Corporate investigation services in India come with a lot of disruption in daily activities and also takes a toll on the resources and coffers of the company in question. Whether to take the help of corporate investigation services in India is a call that must be taken at the highest level, considering all the circumstances involved and the seriousness of the matter as well. These are basically judgement calls that have to be taken by a person who is above integrity and who has the best interests of the company at heart.

Factors calling for corporate investigation services in India:

  • If the breach is a violation of the law, and the seriousness of the action
  • Whether senior board members and management is involved.
  • If the allegations by the company are true in the first place and the potential harm that could occur if those allegations are true.
  • Possibility of future violations or continuing violations even after the investigation is complete.
  • If the suspected misconduct is a health and safety risk for other employees at work.
  • If there is a parallel government investigation which would complicate the corporate investigation if not conducted in harmony.
  • Any possibility of litigation.

How to Go About Due Diligence Services in India the Right Way?

due diligence company in india

Definition of Due Diligence
In business, a lot of terms are used which people know only by name, and are not really aware of in actual sense. Due diligence services in India is one of them. Let us take a look at what it actually is;
Due diligence in plain and simple English is the care and precautions that a person of sound mind takes to avoid any harm to others or their property. In business it is the process of the investigation taking place of a company to be sold. It was introduced in legislation by the USA in 1933, when securities dealers as well as brokers were responsible for full disclosure of material information in relation to the instruments they sold. Failure to comply would result in criminal prosecution.

The Downside and Solution
But the creators of the Act were aware that full disclosure could also lead to unfair prosecution in some cases, where the brokers or dealers could not have material facts required at the time of sale. Therefore a legal defense was also introduced that says that as long as due diligence is exercised while the brokers investigated companies, and also fully disclosed these results to the prospective investors; they would not be liable for any information which was not discovered during investigating. This applies to due diligence services in India as well.

The Process of Sue Diligence
There are some well-defined steps that due diligence services in India follow quite stringently;

Capitalization of the Company with Analysis
Firstly, it needs to be estimated how big the company is. The data of the market capitalization can speak volumes about the volatility of its stock, the reach of ownership, and the size of the company’s market. A due diligence company in India also checks on which stock exchange the shares are traded on.

Revenue and Profit Trends, Including Margin
A due diligence company in India will take a close look at the revenue as well as the net income trends for at least the past three years. Even price to sales ratio and price to earnings ratio are compared to see if there is stability. Margins are examined for rises and falls.

The Competition and Industry
It’s vital to get an understanding of what industries and competition the company is into, as this is of much importance to investors. Due diligence services in India can also help the investors in deciding the business model.

The Management and the Share Ownership
It has to be seen if the company is being run by its founders or has previously been sold, the management has to be covered, and their experience taken into consideration. The float and the institutional ownership percentage will give an indication of the coverage given by the analyst.

Expectations and long to short term Risks
Risks are there whenever investment comes into question. There has to be a clear understanding of industry and company specific risks. If the project is Eco-friendly, there will be acceptance with ease, and a spotless reputation in regulatory and legal matters help a lot in the due diligence process.

Fraud: Identifying and Investigating to Prove It

What is fraud investigation?
A fraud investigator company in India makes sure if there has been a fraud committed, or a scam, in order to protect the victims. The dictionary defines fraud as a misrepresentation of facts to deceive a person or persons. For example , if an Indian company guarantees that the a fairness cream it produces will produce 50% fairer skin in a month, and it isn’t so in the actual case, then the company is definitely guilty of fraud, and liable to investigation by a fraud investigator company in India.

Different types of fraud
A fraud investigator company in India may be called upon to assist in any of the following instances;

  • Insurance fraud: these involve cases where people make illegitimate claims to insurance, or if the insurance company refuses to honour an agreement.
  • Corporate fraud: Information theft, customer information falling into the wrong hands, and reputation damaging claims are included in this category.
  • Financial fraud: these include telemarketing frauds, evasion of taxes, terrorism financing, public corruption, and even health care fraud.
  • Theft of identity: faulty credit card and loan applications as well as false withdrawals from bank accounts, using calling cards with dishonest intent, and using alternative names for undue benefits are some of the cases that a fraud investigator company in India might be asked to tackle.
  • Transit fraud: this is not commonly seen in a fraud investigator company in India. It involves a person intentionally not holding guardrails, and falls when the vehicle, be it a subway, bus, or a streetcar.
  • Expense claim fraud: when an employee over bills his company for pocket expenses, this happens. Other than this there is theft of inventory where it is checked to see if employees of a store are stealing from the stock.

Why are fraud investigations required?
If, being the victim of a fraud, you lose a lot of money and reputation, you need to have the fraud discovered and brought to light in order to get back what’s yours by right. A fraud investigator company in India can offer professional help in the form of gathering evidence and piecing it together to prove the fraud.This evidence needs to be admissible in court. Any due compensation to the person concerned will have to be ordered through the court and in rare cases; out of court settlements have also been made.

What is the process of a fraud investigator company in India?
The fraud investigator company in India will hold a meeting with the client. The client who suspects fraud should explain his reasons for thinking so, and also hand over any evidence, physical or some information which he thinks might help the investigation along the right way.

With good evidence, many frauds have been established in the past, and as it is the inherent nature of man, it is unlikely to stop. Moderate to severe sentences, depending on the mitigating circumstances, will serve to act as a deterrent to similar crimes being committed in the future.

Netrika Security and Risk Management Services in India

With the development of modern technology, security became especially important in online applications. But why is so little attention is paid to it? Online security risk became really great; it is  the primary risk for business. That is why security testing spins up and developers who want their customers to work secure with their applications, make a request to Netrika Consulting India for security testing.

Business critical applications are accessible online 24/7 for partners and users. So as far as you understand such continuous availability opens floodgates for bot customer and hacker. But what is it possible to do in such situation?

There are different modes of attacks used by hackers, but the most widely used is cross-site scripting (XSS). How does it work? A hacker damages script code. The browser processes this web site including a harmful code and then site sends login information in return. Even though most companies take security seriously, still hackers can do number of successful attacks.

Source: Security and Risk Management Services in India