Banks
The number of bank frauds in India is substantial. It in increasing with the passage of time. All the major operational areas in banking represent a good opportunity for fraudsters with growing incidence being reported under deposit, loan and inter-branch accounting transactions, including remittances.
The Savings Account/ Current Account are fraud prone area with cheques bearing the forged signatures are presented and paid, change of specimen signatures of the depositors, dormant accounts may be operated by unauthorised persons, unauthorized withdrawals from customer's accounts by employee of the bank maintaining the savings ledger, Opening of fake current accounts in the names of limited companies or firms, Fraudulent alteration of the amount of the cheques etc.
Fraud in property loans segment is very high with title documents being forged, coloured photocopy of various documents is produced including encumbrance certificate, fake stamp papers etc. which are difficult to identify / distinguish from the original, stamped documents forged by borrower customer/builder, copying and manipulating the content, multiple financing, fake documents that are produced to different banks / Housing Finance Agencies.
Square Forensic Advisors are hired by banks in order to help them investigate and develop the technical evidence that they need in order to file civil or criminal actions. We quickly assist our clients to back up their case with scientific evidence and handle technical aspects of the cases. We have till date handled several bank frauds cases and have submitting forensic reports in cases of fraud in banks recruitment process.