CFE, CII, FCIISCM, CATS, CCPS, CFAP
CFE, CII, FCIISCM, CATS, CCPS, CFAP
Associate Director - Financial Investigations
Forensic investigation companies shield the business from fraudsters to a great extent. A growing business provides numerous opportunities for frauds, and forensic investigators spend their time mitigating those frauds.
There has been a lot of attention paid to anti-fraud controls, yet still a criminal can attack and seek out new ways to defraud the company and get away with a lot of money. It is a cat and mouse game between the criminal and the investigator. Therefore, it is important for an expert forensic investigator to put himself in the shoes of the criminal and think like a criminal in order to decipher the mind of the fraudster in order to prevent fraudulent activities from happening in the company.
Forensic investigation companies, like Netrika Consulting India, is one of the top players in the field of forensic investigations. The company provides one of the best forensic investigation services in order to address such issues.
When it comes to an acquisition or making a significant investment, forensic due diligence allows organizations to analyze the financial condition of their target opportunity in multiple ways. It helps them to assess opportunities in terms of market intelligence while also carrying out a review at the transactional level. Apart from this, forensic due diligence also helps to evaluate the internal controls, thus providing company management teams with a comprehensive review of the financial transactions, compliance, operations, and accounting. Here, discover the advantages of forensic due diligence.
Internet activity and online involvement are increasing at an alarming rate, and so are cybercrimes. Criminal activities or unlawful activities are done to people or organisations online are called cybercrimes. Hackers often hack into the profile and systems of other people or organisations illegally and do wrong to them or steal their personal confidential data online. Many crimes have happened online to innocent people and Cyber Forensic Services in India have helped such innumerable cases getting settled and discover the true culprits behind such wrongdoings or crimes.
It is also known as Computer forensics. It involves the collecting and analysing of digital data by trained forensic investigators for solving a crime or resolves an issue. Digital forensic science is used to collect evidence found in computers and digital storage media or any computing device in a manner that is suitable for presenting in the court of law. Cyber Surveillance in India will also help to collect evidence to produce in the Court through monitoring of computer activity and data stored in digital format.
They will try to assess your computer’s risk, help to develop a strong security policy, give you training on security measures, etc to help you stay alert and protected from cybercrimes. They will also try to implement technology and reconfigure information technology infrastructure so that precaution can be taken, and you can be protected from being wronged by hackers. Providers of cybersecurity Services in India can help you with all these.
Due Diligence – may be for business partners, senior hires, investors like by angel investors/venture capitalists/ institutional investors/ banks, etc who look for strategic investments, or who wish to acquire inorganic growth. The due diligence check is normally done to know the ethical behaviour, financials, criminal background, court cases, media news, etc., through desktop searches, through paid websites, and publicly available information. In addition, site checks are carried out through market intelligence teams. Netrika Consulting India Pvt Ltd has experts who help customers in this domain with their expertise.
Having whistleblowers’ line for the employees and the business partners is very important for providing a channel to report unethical practices. In addition to the organisational culture, it is very important to provide an avenue to the employees and the business partners for reporting. Netrika is well poised to manage this for the organisations independently and investigate these complaints. Typically, these complaints pertain to sexual harassment, conflict of interest cases, kickbacks, undue favouritism, etc.
E-discovery is an important process of gathering the evidence, may it be in support of forensic investigations and disputes. Netrika has the requisite expertise for the same. We are in the process of setting up a lab for all forensic technology services including e-discovery.
Proactively, companies constantly need to review and improve their policies and processes concerning security, ethics, and compliance, sexual harassment, ABC, etc., in order to keep pace with the regulatory and market needs. These process reviews are done to assess the gaps which potential fraudsters can exploit to their advantage. Netrika’s team of multifunctional experts helps carry out gap assessments while applying their knowledge gained through such work in the industry.
Banks, financial institutions, investors, venture capitalists need help in tracing assets when their investment/loans go bad, and they need to find assets to recover their capital investments. It may be against individuals/companies. Netrika has the requisite expertise to assist asset tracing for clients either directly or through their legal advisors.
Companies sometimes like to keep track of the promoters and key personnel of small brands who are providing strong competition in key markets. They could be a challenger to an established brand. A diverse team at Netrika works closely with CXO’s to keep a close eye on. As the market gets more competitive, several companies are demanding such services.
Companies are often interested in testing if their processes are functional or not and oftentimes, they need to report this requirement to the regulators as well. This can be done for the retail sector, financial institutions, services/product companies. Netrika can assist the client in carrying out this very important function.
With the large pool of professional talented resources with varied backgrounds from MBA, CA, CFEs, Personnel with Defence & Legal background, Charted Accountants, CFEs, etc, Netrika Consulting can help organisations who would not like to hire resources directly on their payroll for short to long term period, but there is a need of talented human resources for tasks related to governance, risk, compliance, audit & investigation management. Benefits in such arrangements are numerous like cost optimisation due to no legal liabilities like PF, ESI, Insurance, etc, no headache of screening a large number of applicants, recruiting, training, and terminating contracts, and above all excellent pool of qualified resources ready at organisation disposal all the time.
Often the company struggles to find the culprit due to a lack of wherewithal to do so. We could help them in this regard through evidence gathering through the measures like a review of policies, procedures, imaging of laptops/desktops and review of emails/documents, transaction testing, desktop review, market intelligence through neighbourhood canvas, etc and finally interview the target employ.