Uncovering a ₹180 Crore Fraud Scheme in a Financial Services Firm

Forensic & Fraud Investigation

Uncovering a ₹180 Crore Fraud Scheme in a Financial Services Firm

The Challenge

The board of directors received a credible whistleblower tip regarding inflated operational expenses and kickbacks. They needed to investigate the allegations swiftly and silently to avoid market panic and to gather concrete evidence against the high-level individuals involved. The challenge was to trace the complex money trail without alerting the perpetrators.

Our Strategic Solution

Our forensic team, combining financial analysts and digital forensics experts, initiated a covert audit. We analyzed transaction data, expense reports, and internal communications. The investigation revealed a well-organized scheme involving fake vendors, inflated invoices, and kickbacks routed through a series of shell companies. We traced the flow of funds, identified the ultimate beneficiaries, and prepared a detailed evidence-backed report which was presented to the board. We then guided the board on the next steps, including filing a formal complaint with the Economic Offences Wing (EOW).

Key Outcomes

Delivering measurable value and decisive advantages.

₹180 Cr

Total value of the fraudulent transactions identified and documented.

Prosecution Support

Provided the EOW with a complete dossier of evidence, leading to arrests and charges.

Internal Controls Overhauled

Helped the company design and implement a new, robust system of internal financial controls to prevent recurrence.