AMCHAM’s Tamil Nadu Chapter organized a breakfast meeting hosted by KPMG at their office on August 1st in Chennai. Mr. Kirit Amichandwala, Partner – Risk Advisory, KPMG led the meeting which offered deep insights into the evolving profile of fraudsters in India. A significant revelation was that the majority of fraudsters are long-serving male employees (26-45 years old) in non-executive management roles, often holding unchecked authority within the organization. The most common types of fraud in India are asset misappropriation and falsified documentation, primarily occurring in procurement and operations departments. Financial gain and opportunistic behavior were highlighted as the top motivators, rather than grievances or organizational dissatisfaction. Notably, 57% of frauds involved collaboration, with most perpetrators acting as principals rather than agents, emphasizing the need for stronger oversight at the operational level. Despite the rise of technology, most frauds in India continue to be carried out through traditional means, underscoring the importance of robust internal controls and whistleblower mechanisms over purely tech-driven detection.