Mahajan & Aibara

We help clients prevent, detect and mitigate the risk of fraud, misconduct and non-compliance. M & A has carried out over 100 fraud prevention and investigation projects.

Our team of professionals identifies and deals with a wide range of frauds and irregularities and delivers clear, logical analyses, opinions and reports. These solutions are facilitated by a variety of quantitative and qualitative techniques to isolate and analyze information.

Definition Of Fraud Under The Companies Act 2013

• “Fraud” in relation to affairs of a company or any body corporate, includes any act, omission, concealment of any fact or abuse of position committed by any person or any other person with the connivance in any manner with intent to deceive, to gain undue advantage from, or to injure the interests of, the company or its shareholders or its creditors or any other person(?), whether or not there is any wrongful gain or wrongful loss;
• “Wrongful gain” means the gain by unlawful means of property to which the person gaining is not legally entitled;
• “Wrongful loss” means the loss by unlawful means of property to which the person losing is legally entitled;