R.V. Raman's Blog, page 4
September 11, 2014
Thin LInes
This article was published in Economic Times Corporate Dossier on 12 Sep 2014. RV Raman, former head of KPMG’s Consulting Practice, tells five stories from his formative years. 1. Grab your chances. The battery of tests and campus interviews had finally ended, and I had my first job offer from Tata Motors, a coveted prize […]
July 2, 2014
Sketch of a corporate fraudster
Here is an interesting infographic from Canadian Business that is based on KPMG’s profiling of the corporate fraudster. Source: canadianbusiness.com What I find interesting is that: 96% of fraudsters are repeat offenders All but 18% of fraudsters are in the management layers of organisations Most fraudsters work/collude with others inside or outside their organisations to […]
June 11, 2014
Holmes or Poirot? A difficult choice.
Holmes or Poirot? I just can’t choose between the two. One goes by physical evidence and the other by behaviour and motivations. Both have idiosyncrasies that could initially be annoying, but they grow on you as you read more of them. What is more interesting than the creations are the two authors themselves. Here is […]
June 8, 2014
Smartphones: A tool for insider trading?
In today’s wired and wireless world, it is impossible to stop information from flowing. Not only is it impracticable, it is also getting increasingly difficult to track down information flows after they happen. Rajat Guptawas convictedon the basis of a telephone call he made immediately after a board meeting. Sixteen seconds after a board meeting […]
June 5, 2014
ECB: Risks of a negative interest rate
The European Central Bank has taken some radical steps and entered, as commentators have pointed out, uncharted waters. While policy makers genuinely believe that their actions will help revive Europe, there are significant risks to the banking sector, and therefore to the economy. Europe’s track record in financial matters has not been stellar. The concept […]
Crossborder flows are hurting India
A look at a report published by Global Financial Integrity in Dec 2013 confirms the explosive growth of one aspect of white-collar crime in India – Illicit Financial Flows. Global Financial Integritydefines illicit financial flows as “… cross-border movement of money that is illegally earned, transferred, or utilized. These flows generally involve money earned through […]
May 23, 2014
Fraudster: The Novel
White collar fraud is not new to India, but the scale is. The spectacular growth India has enjoyed in the past decade has driven the stakes higher than ever before, and has had an unintended casualty – ethics. The growth that brought a flood of opportunities and created entrepreneurs has also enabled scam artists. Businessmen […]
