e-Discovery Coming to the Fore

The number of large corporate frauds in India hasn't reached the alarming heights it has in the West. Nor are regulatory requirements, introduced in the wake of huge financial scandals, as strict. But then, the world is flat. It mayn't be long before Indian companies find themselves vulnerable.

According to a recent survey by the Economist Intelligence Unit, four out of five businesses worldwide have been the victims of corporate fraud at an average cost of US $1.1 million within the last 3 years. One in 10 large companies lose more than US $100 million each year from corporate fraud. All this underscores the importance of e-discovery.