Frauds Scams And Prevention

Fraud Prevention And Recommendation Policy

For fraud information and prevention, the company has been established to facilitate the development of control, which will help in the prevention and information of fraud against IIFCL. Rules by providing IIFCL’s intention guidelines and referring to responsibility for the development of investigation control and operations

It has to progress in the organized behavior. Following is the formula for the inspection of the highest implementation of the corporate grooming and the prevention of prevention in formulas for respectful acceptance.

Policy objective

“Frauding information and prevention policy is constructed to provide a system of fraud and prevention of fraud, to prepare a report of such fraud which is known or doubted and to find the appropriate results of the subjects related to fraud will ensure the policy and provide the following:- 1) Management to ensure to ensure the management and prevention to ensure that the procedure of deception and redress Clearly guidance of IIFCL employees and other transactions and to save them from involvement in any wrongdoing, to conduct the investigation in cheating activities.

Objective of policy

This policy is applied to any fraud, prescribed fraud, in which the employees doing stakeholders, advisors, sellers, debtors, creditors, contractors, external agencies trading with IIFCL, employees of agencies, and/or any other teams that are in business relations with IIFCL.

Definition of fraud

1) Rezerve Bank of India defined fraud, “All parables where banks in accounting books, deletion of instruments like falsehood, check, draft and bill of exchange, redeem it with deception, unauthorized discharge of security taken by bank, embezzlement, theft, misuse of funds, transformation of assets, conversion of property, deficiency, deficiency, disadvantage, disadvantage, disadvantage, deficiency, deficiency, disadvantages,” Section of Code 25 “If any person, but not opposite, has done some work with the intention of any fraud, then it will be called fraud”. “Therefore fraud can be explained” is a criminal cheating action that is done with the purpose of knowing the benefit with the other or other for which no law is authorized by law.

Fraud -made activities

Fraud -manufactured verbs, while fraud activities can be an extension, the following are some of the verbs which are called fraud. The following list is only explained and not a detailed explanation of:-

1) Fraud or change in any document or account related to the company.

2) Cheating or change in check, bank draft or any other financial accounting.

3) misuse of funds, creditors, supply or other assets through illegal means.

4) Untrue of government paper such as pay-rol, or removal of documents from the file and/or put in place in its place.

5) In relation to appointment, hierarchy, admission of reports, tender committee suggestions etc., the facts will be interested/cheated, resulting in unjust benefits for one and unjust loss for others.

6) Use of the company’s finance for personal purposes.

7) To receive or authorize payment for noted goods or not offered services.

8) For future purpose, manipulation of facts and destruction, disposal, records of company records or other properties for representation, so that doubts/pressure/cheating can be resulted in not reaching objective decision.

9) Any other facts that are under the field of fraud activities. The moral or practical activity related to the employee should be resolved through departmental management and employee relations of human resources and not resolved under fraud information and prevention policy.

Responsibility for fraud prevention

All employees (full-specific, semi-caste, ad hoc, temporary, contract), seller’s representative, perfectist, contractor, advisor, debtor, creditor, service provider, or any other business doing any kind of business with IIFCL, it is expected that they will confirm that they will confirm and will be responsible for any fraud in their responsibility/control. As soon as it is known that some fraud or suspicious fraud is going to or is going to happen, according to the method, they should inform them to the head of the concerned department at the earliest. All the heads of the department should ensure fraud information and prevention and implementation of the policies of the company for it. The head of the department should ensure the machinery in his control area so that:-

i) Every employee can be introduced to the inappropriateness that can be done in their area.

ii) To make employees fraudulent information and prevention.

iii) To create a culture in which employees should be encouraged to inform them on knowing any fraud or suspicious fraud for fear of becoming a victim.

iv) To promote the consciousness of the ethics policies of the employees approved by the company.

General conditions of the organization’s contracts, grants, loans/discounts/funds will be improved where it is necessary to ensure that the contractor, the provider/seller/debtor/creditor/advisor, etc. are required to ensure that they will be adamant on IIFCL’s fraud information and prevention policy and other people who are working with this institute, will not be able to accept or get involved in fraudulent activities, they will not be able to get involved in fraudulent activities or Will inform the organization as soon as possible. These circumstances are part of this document at the time of submission of contract/loan/exemption/grant application and the agreement of operating contract/loan/exemption/grant.

Fraud information

i) All employees, seller representatives, contractors, advisors, liabilities, creditors, service provides, or any other agency doing any kind of business with IIFCL is expected to inform them to know about the action of any fraud in their responsibility/control. Such information should be given to the dirty top officer. However, in the event of a lack of time, such a report should be submitted to the head of the department whose duty is to receive him and give it to the top officer at the earliest. Information of fraud should be generally written. If the indicator does not want to give in writing, but in this situation it can tell the gradual and specific transaction of fraud, then the officer or top officer who is receiving information should file information in writing, exactly the same as the indicator and the officer/employee/other person who gives this information should also be kept in details. Information should be taken with credibility and a person who has been cheated or potentially cheated should discharge his confidentiality in relation to the indicator and such facts should not be told to unauthorized individuals under any circumstances.

ii) All information of fraud or potential fraud should be done as soon as possible and should get support from the nominated top officer.

iii) On receiving such information about potential fraud, top officials should confirm all the related documents and take other evidences immediately and protect them from being tampering or erased or removed by criminals of cheating or other officials affected by them.

Top officer inquiry method

Top officer will conduct a preliminary inquiry. The employee who reports potential dishonesty/ fraud activities should not try to individually investigate or participate in interview/ interview/ interview. Nor should the individuals give the following information: To know the facts from the suspicious person, one should not try to contact or should not discuss the case, fact, doubt or demand liability. No one should be accused until the top officer is asked. The top officer should keep all the information received from the officer or the head of the department confidential. The highest security should be kept in the investigation of all the requirements. In case of investigation, no information should be allowed to go out. The appropriate response to an investigation is: “I am not allowed to discuss this fact.” In any case, defects, crime, fraud, inappropriateness, or any other context should not be blamed. Result information should not be discussed with anyone except valid persons. It is necessary to avoid the honor of a person who was doubted but later he was not found clearly guilty and to protect the company from future public responsibility. If the fraud activities are found in the first phase of the top officer’s investigation, the top officer demands the approval of the competent officer, and the IIFCL’s fraud/suspicious fraud department entrusts the department to the Chief Monitoring Officer for further investigation and necessary action.

i) Take this information case, intelligence, information and investigation is included by the monitoring department for examination in its daily activities.

ii) On completion of investigation by the monitoring department, appropriate and appropriate steps, in which administrative steps/disciplinary steps, as a result of the investigation, with the approval of the qualified officer, and under the provisions of the Employees Acts of IIFCL should be taken. After that, he can be handed over to the inquiry committee/board with the guidelines of the qualified officer of folk, crime.

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Sunil Saini

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