Unmasking Fraud: Profiling Threats, Protecting Trust – An Exclusive AmCham India Session with KPMG

On August 1st, 2025, the Tamil Nadu Chapter of the American Chamber of Commerce in India (AMCHAM) held an exclusive breakfast meeting in collaboration with KPMG, hosted at the firm’s Chennai office. The session was led by Mr. Kirit Amichandwala, Partner – Risk Advisory, KPMG, and focused on the changing landscape of corporate fraud in India.

Key Findings on Fraud Trends in India

The session revealed important insights from recent research on fraud profiling. One of the most striking observations was that the majority of fraudsters in India are long-serving male employees aged 26–45, typically in non-executive management roles. These individuals often hold significant unchecked authority, making organizations vulnerable to internal fraud.

The two most common types of corporate fraud identified were:

• Asset misappropriation

• Falsified documentation

These fraudulent activities predominantly take place in procurement and operations departments, where process gaps are more easily exploited.

Motivations and Methods

Contrary to popular belief, financial gain and opportunistic behavior were noted as the leading motivators, rather than employee dissatisfaction or unresolved grievances. Alarmingly, 57% of fraud cases involved collusion, with most perpetrators acting as principals rather than agents, which calls for more robust oversight at the operational level.

Traditional Methods Still Dominate

While digital tools are advancing, the majority of frauds in India continue to be executed using traditional methods, not sophisticated cyber techniques. This emphasizes the enduring need for strong internal controls, well-defined whistleblower policies, and compliance monitoring frameworks over reliance on technology alone.

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For detailed insights from this session, visit the official event page:
🔗 Unmasking Fraud: Profiling Threats, Protecting Trust – AmCham India