Officials involved in the process now plan to approach Kroll, an analytics firm, to investigate the background of the bidders, sources said.

However, the incidence of fraud may not have negative impact on investors planning to invest in India, Kroll said.

Investors mandate specialised consulting firms to undertake deeper due diligence before committing capital to ventures.

US-based risk consulting firm Kroll says entire process going to become a legalised and formal way of writing off fraud.

India ranks second only to China which saw 25% of the respondents sharing the same concern.

The report also found out that among the major reasons that accounted for the frauds, 27% originated from management conflict of interest a...

So far in 2016, India has continued to attract US interest, with $3.1 billion through 27 deals compared to similar US investment in China a...

Corporate investigations and risk consulting firm Kroll has appointed Crisil Research's Tarun Bhatia as managing director of its India oper...

"There has been a 25% increase in employee-related frauds since last year and 70% of them are from ecommerce companies."

"The staff not only has varied skill sets and education backgrounds, they are also from various nationalities, genders and ethnicities."

Industry experts said Kroll’s India team could be fully absorbed by a competitor in the coming months since the market for the business is ...

Poor corporate governance standards and suspicion of fraud are forcing several global private equity funds to order investigations.

The number of domestic companies witnessing incidences of frauds has increased in the current year, with as many as 71 per cent of surveyed...

A survey conducted among 51 senior executives across industries suggested that a majority of 71 per cent respondents have seen increased ex...

Indian cos made major acquisitions into energy, mining and utilities, with total reaching $6 bn, more than half (55%) of deal activity for ...

India has the highest number of fraud-hit companies after Africa, according to a report by global advisory firm Kroll.

Merger and Acquisition activities in India totalled USD 16 billion involving 154 transactions for the year to April 30, 2012, said global f...