Banking Corrupt Practices

About the Book

The book attempts to decode real acts of corrupt practices that have caused huge financial losses to Banks & Insurance sector across many countries. Although these practices originated from the Indian business community operating in India and overseas but have wide ramifications for all international banks. In fact, many global players might already be using the same methods – supplemented with documentary evidence in respect of case studies in the book. The issues also relate to money laundering through trade route that are so large and require adequate attention from regulators, some steps for which have been suggested. If implemented effectively, it may bring some major changes in international trade documentation, mitigating the risk of future frauds/ dubious methods.

About the Author

Author, ARKO A is a retired bank executive from India having a wide experience of working in credit and international business for a public sector bank both in India and overseas. After serving for over three decades in the bank, he took over an overseas engagement in the private sector. During the course of this engagement, he came across large number of fraudulent/dubious activities performed by the Indian business community, motivating him to leverage his experience and studying aspects of these activities to bring this to the knowledge of bankers/regulators for taking suitable preventive action and protect bankers from fly by night operators