EY India's Fraud Investigation & Dispute Services team recently released a report titled 'India Fraud Indicator 2012' a first-of-its kind initiative to look at fraud perpetrated in various sections of the society, including business both private and public sector, as well as in the case of financial institutions and individuals. In-depth analysis of the report suggests that businesses are continuously exposed to fraud risks, with losses recorded in this edition accumulating to around INR 66 billion.
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