India's Corporate Fraud Challenges: Complex Schemes Outpace Enforcement Efforts
3 hours agoBusiness
50LENS
1 SourcesIndia
TBNthebalanced.news
India's Corporate Fraud Challenges: Complex Schemes Outpace Enforcement Efforts

Corporate fraud in India, exemplified by cases like Mehul Choksi and Reliance ADAG, involves vast sums but faces sluggish enforcement and recovery. While lengthy pre-trial incarceration raises concerns about speedy justice, these frauds significantly harm the economy, public shareholders, and lenders. Sophisticated schemes often involve complex transactions, third-party entities, and offshore routes to conceal beneficiaries and siphon funds. The article suggests a need for specialized agencies to effectively investigate and prosecute white-collar crimes, as current economic offense wings are often found to be inept.

Political Bias
30%30%40%
Sentiment
35%