Corporate Fraud: The Role of a Good Attorney
Corporate culture, stunning lifestyle, and third-party transactions- They all can give a glimpse of corporate life. However, corporate culture is not proof of fraud. Inflated revenues, falsified balance sheets, underreporting of revenue and expenses, and misuse of corporate property - are the common examples of corporate fraud. Frauds affect a company’s reputation, adversely affect employees, and can seize the future of the company as well. In this blog, we will understand the varied nature of corporate fraud. Also, this blog will guide corporate lawyers or any advocate in Gurgaon who can help your organization in times of legal hassle. The Growing Incidences of Corporate Fraud Unfortunately, corporate fraud is not new to India. Cases like the Harshad Mehta scam, Satyam scandal, and the PNB fraud highlight the vulnerability of businesses to unethical practices. Despite stricter laws like the Companies Act, 2013, and enhanced scrutiny by regulatory authorities such as SEBI an...