A multi-national software company (MNC) having operations globally received a series of allegations about Mr. AK, a manager in senior position at Mumbai. The allegation was that he was receiving bribes and for that he ha

Bribery Complaint against Employee and First Level Investigation The forensic auditor (FA) should take into account the fact that the employee was driving growth despite a slowdown in the market. The Board of the company was extremely happy with his performance, there were possible strategies being employed by him for the increase in the revenue. Data Collection - IT: email backups, company mobile devices as per the company policy and applicable law, electronic data from the computer device of the suspect. Data Collection - Paper Based: suppliers documentation since pre-vendor creation stage, quotes, bids, invoices, payments, delivery, acknowledgements, revisions to contracts, etc. for the alleged suspects tenure with the company. Data Analytics will help identify Relevant Statistics: Significant increase in business or particular product line in that business. Significant increase indicates most likely vendors who could have received business by paying kickbacks. Scrutinizing procurement procedure as to ascertain disproportionate increase in certain raw materials in comparison to corresponding revenues. Review of vendor assessment procedure, analysis of vendor master for new vendors instead of old ones, or alternate vendor/supplier development for certain process or raw material. Tracking irregular inventory movement or unnecessary procurement of raw material.