'Fraud is a real threat and organisations need to be fighting it proactively rather than keeping a blind eye to it.'

Kickback is the most prevalent form of fraud

Inducement, backhander, enticement, carrot, sweetener, and kickback are all among the synonyms that Microsoft Word suggests for `bribe.' The word gets rarely uttered, even when the `demand' is tall, nor does one find tariff cards mentioning the going rates, possibly because speed money is part of our ecosystem.
Therefore, it may not come as a rude shock to most of us that a majority of a survey's "respondents quite candidly stated that coporates in India pay bribes or facilitation payments to conduct business," as Mr Deepankar Sanwalka, Executive Director and Head of Forensic, KPMG observes.

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