MitKat has consistently demonstrated exceptional performance, providing comprehensive and meticulous services to its clients. Through thorough research, analysis, and attention to detail, the company ensures that clients can trust in the accuracy and reliability of the information provided. With a track record of success in uncovering critical insights and mitigating risks, clients can confidently entrust their needs to the company, knowing their interests are safeguarded with diligence and expertise”. Frauds are on the rise – across industries and geographies. MitKat’s fraud risk management framework helps organisations prevent, detect and investigate frauds.
Case Studies
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During the investigation, the surveyor’s sample testing report revealed a complex and suspicious situation surrounding the consignment of cashew nuts stored at Godown in Tuticorin, Tamil Nadu. The consignment arrived in suboptimal condition, leading to substantial financial losses as the cashews deteriorated over time.
This contention, coupled with contradictions found in the documents related to the consignment, raises concerns about potentially fraudulent activities or collusion among the parties involved.
Support Extended
MitKat’s Investigation Team provided comprehensive integrity risk management for a company based in UAE wherein various Supply Chain Frauds were highlighted along with mitigation measures and recommendations.
Result
During the investigation, the surveyor’s sample testing report revealed a complex and suspicious situation surrounding the consignment of cashew nuts stored at Godown in Tuticorin, Tamil Nadu. The consignment arrived in suboptimal condition, leading to substantial financial losses as the cashews deteriorated over time.
This contention, coupled with contradictions found in the documents related to the consignment, raises concerns about potentially fraudulent activities or collusion among the parties involved.
Anti-Counterfeiting Market Survey with actionable insights into the anti-counterfeiting landscape prevailing in the Indian market
Support Extended
MitKat’s Investigation Team provided a comprehensive anti-counterfeit market survey for American-based MNC to highlight the presence of counterfeited laptops and mobile phones
Result
A multi-faceted anti-counterfeit market survey has been done in the metropolitan cities of India. Proper real-time information was given to process, and analyse, and actionable insights were shared for remedial action
Understanding the modus operandi of the suspected employees and vendors, Lifestyle mapping of suspected employees, Asset tracing of suspected employees, understanding of ‘red flags’ in the procurement process, and Assessing the approximate financial loss to the company
Support Extended
MitKat’s Investigation Team provided comprehensive integrity risk management for a company based in India wherein various fraud risks were highlighted along with mitigation measures and recommendations
Result
Investigation revealed the complete modus operandi of suspected employees and vendors viz. mixing of substandard product, prices manipulation, sharing of margins, illegal cash transactions, profit percentage charge, accepting of favours, various accounts of employees wherein cash was deposited, manipulation of purchase system right from quality to security checks to field buyers. Investigation revealed that suppliers were coerced/ threatened to agree to suspected employees’ terms and conditions. Artificial manipulation of product prices citing low production. Suspected employees were found to be possessing assets in excess of INR 10 crores while having a salary of approx. 1 lakh per month