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Tackling Fraud: IIA India Bombay Chapter Hosts

4th Anti-Fraud Summit

Glimpses from the Summit

On November 12, 2024, Mumbai hosted the 4th Anti-Fraud Summit, a pivotal gathering organised by the
Bombay Chapter of the Institute of Internal Auditors (IIA) India. This prestigious event brought together
industry leaders and experts dedicated to exploring innovative strategies for combating fraud. The summit
focused on enhancing organisational integrity and leveraging technology to implement best practices in
fraud prevention.

Setting the tone for the Anti-Fraud Summit, Burzin Dubash, President of IIA India, delivered a compelling
address that drew analogies from the world of sports on how internal auditors and fraud examiners can
build a culture of integrity and trust and harness technology and collaboration in proactively preventing
frauds. He emphasised that both fields require a robust foundation of integrity and trust to thrive.

Among the distinguished speakers was Mr Anami N. Roy, an Independent Director and former Director
General of Police in Maharashtra, who delivered a keynote address providing invaluable insights into
effective fraud risk management. The address on "Frauds, Evolution, Classification and Impact on the
Organisation" was delivered by Sandeep Mehra, CVO, Yes Bank Ltd. Harsh Chaudhary, Head of Fraud Risk
Management at Reliance Industries Ltd., addressed participants on "Investigative Interviewing: Where Art
Meets Science."

The summit included excellent brainstorming within its panel discussions on "Best Practices in Financial
Fraud Investigations. Expert panellists included Amey Mirajkar, Counsel, Dispute Resolution, White Collar
Crimes at Khaitan & Co., Kaizad Hazari, Group General Counsel at The Chatterjee Group - TCG Global,
Archana Moghe, Director, Head of IA at NIIF Infrastructure Finance Ltd. and Anirban Dasgupta, Group
Head, Assurance & IA at RPG Enterprises.

Manish Nair, Global Head of Marketing & Sales at Digital Business Technology Pvt. Ltd., spoke at length
about "Breaking the Silence: The Ethics and Realities of Whistleblowing."

Another excellent panel discussion on "The Importance of Due Diligence - Employees, Vendors &
Customers" brought meaningful insights from experts. They included Swapnil Pandey, Partner - Forensic
& Financial Crime, Strategy, Risk & Transactions at Deloitte India, Hiral Shah, Head - Corporate HR at
TATA Starbucks, Tanaz Mulla - Head - Corporate HR - Trent Ltd. and Manish Deo, Associate VP at the
National Stock Exchange of India Ltd.

In his closing remarks, Manish Solanki, President of the IIA India Bombay Chapter, thanked all the
participants, industry experts and sponsors for contributing to making this knowledgeable summit a
success!

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