AN EMPIRICAL STUDY ON CORPORATE FRAUD ON EMPLOYEES IN COMPANIES SPECIAL REFERENCE TO CHENNAI

AUTHOR – L. SANJAY NARAYANAN, STUDENT AT SAVEETHA SCHOOL OF LAW, SAVEETHA INSTITUTE OF MEDICAL AND TECHNICAL SCIENCES (SIMATS) CHENNAI.

BEST CITATION – L. SANJAY NARAYANAN, AN EMPIRICAL STUDY ON CORPORATE FRAUD ON EMPLOYEES IN COMPANIES SPECIAL REFERENCE TO CHENNAI, INDIAN JOURNAL OF LEGAL REVIEW (IJLR), 4 (2) OF 2024, PG. 1261-1273, APIS – 3920 – 0001 & ISSN – 2583-2344.

ABSTRACT

Corporate fraud is a serious ethical and financial concern that affects various stakeholders, including employees. Corporate fraud against employees represents a significant yet often overlooked issue that can have severe financial and personal consequences. This empirical study aims to investigate the prevalence, manifestations, and impacts of various forms of corporate fraud targeting employees within companies based in Chennai, India. By examining this problem through a localised lens, the research seeks to shed light on context-specific dynamics and inform tailored solutions. This study aims to investigate the impacts and effects of corporate fraud on employees within organisations. By examining the psychological, emotional, and financial consequences experienced by employees, this research seeks to shed light on the far-reaching implications of corporate fraud beyond its immediate victims. To achieve this objective, a mixed-methods approach will be employed, combining qualitative interviews with affected employees and quantitative data analysis of relevant financial and organisational performance metrics. The qualitative phase will focus on understanding the personal experiences and perceptions of employees who have been exposed to corporate fraud, while the quantitative phase will assess the broader organisational ramifications. Key factors to be explored include the extent to which employees were aware of the fraudulent activities, the level of trust and job satisfaction before and after the discovery of fraud, the impact on mental health and job performance, and the overall sense of organisational justice and accountability. The findings of this study can offer valuable insights for organisations seeking to establish better measures to prevent and detect corporate fraud, as well as improve their support systems for affected employees.

KEYWORDS – Corporate fraud, employees, impact, effects, organisational ethics, well-being, trust, job satisfaction, accountability.