Information Fraud Investigation

( Media & Entertainment )

An employee-vendor nexus is a common risk in any industry. This is however a potentially high risk area in the M&E industry due to its culture of placing too much reliance on individuals (based on trust). This results in work being more person-dependent than process-driven. There have been too many instances of fraud committed by employees in collusion with third parties in this sector. ​Companies have learned the hard way to invest in timely fraud assessment to proactively guard themselves against such eventualities.

A large media conglomerate faced an instance of fraud. Legaligence was able to crack this case in a month’s time that involved nexus between the Vendor & the senior employee. The modus operandi was the Advertisement Releasing Agency was sharing the kickback with the organization’s senior employee heading Global Communications Team.

A detailed investigation was carried out to expose the involved parties and subsequently a process was designed to ensure that such incidents do not take place in the future