There are cases where banks and businesses have been attacked by fraud companies where fraudsters have used computers, turning to robotics and malware to avoid detection. One example involved eight people arrested in connection with the theft of £1.3 million by a gang that took control of a bank branch’s computer system. Many corporate fraud schemes consist of fraudulent accounting schemes used to make the company appear more profitable than it is. The impetus for such schemes is the desire or perceived need to attract or retain investors.
The major factors expected to drive the growth of the fraud detection and prevention market include the adoption of digitalization an increase in the adoption of fraud detection and prevention systems and an increase in revenue loss due to fraud. Various market opportunities are Increasing the use of AI and ML in the banking sector to strengthen the fraud detection and prevention market and Increasing demand for fraud detection and prevention solutions in SMEs.
Challenges Faced In Detecting The Fraud Companies
Different challenges in the fraud detection and prevention market are the non-availability of qualified security professionals and the lack of awareness of digital fraud in SMEs. Decisive market statistics and strategic market research are perfect examples of the level of digital and cyber fraud in Odisha.
Mostly fraud companies falsify their infrastructures, business models, turnover, team sizes, and also their real certificates and business registration. Many companies are not registered as legal businesses or legal business identities but claim to be registered in the US, UK, Germany, France, Spain, Australia, and Singapore to appear to potential clients as large multi-million-dollar multinational companies to please customers to win their projects and business deals.
An individual may face financial problems such as debt or the inability to pay household bills. Gambling, drug addiction, or alcohol addiction can also be factors. Fraud motivators can also be financially weak. There may be pressure to achieve goals at work or a desire to cover up poor performance by cheating.
According to reports published in many newspapers, Odisha has a more than 500% increase in cyber crimes, and cyber frauds during covid. We are going to introduce one such company which is running Decisive Markets Insights and also as Strategic Market Research. Both are run by some person Sunil Kumar Chhabra with phone number +918260836500, registered as LLP in the Orissa State of India.
Details of The Fraud Companies Of Odisha
Details of both the fraud companies were taken from the MCA website. Strategic Market Research Llp is a limited liability company incorporated on 17th December 2020. It is registered with the Registrar of Companies, Cuttack. His total contribution liability is Rs. 100,000. The Designated Partners of Strategic Market Research Llp are Rubi Ajmani and Rohit Ajmani.
Strategic Market Research Llp’s latest financial year-end date for which accounts and solvency statements have been filed is N/A and as per Ministry of Corporate Affairs (MCA) records, the latest financial year-end date for which annual statements have been filed is N /A.
The LLP Identification Number of Strategic Market Research Llp is (LLPIN)AAV-1282. Her email address is [email protected]. The registered address is House No. 92, Arya Samaj, Guha Lane, Sambalpur Orissa 768001. Decisive Markets Insights Llp is a limited liability company incorporated on 4th February 2020. It is registered with the Registrar of Companies, Cuttack. His total contribution liability is Rs. 100,000.
The Designated Partners of Decisive Markets Insights Llp are Rubi Ajmani and Rohit Ajmani. Decisive Markets Insights Llp’s latest financial year end date for which Statements of Accounts and Solvency have been filed is N/A and as per Ministry of Corporate Affairs (MCA) records, the latest financial year end date for which the Annual Report has been filed is N /A.
The LLP Identification Number of Decisive Markets Insights Llp is (LLPIN)AAR-8116. Her email address is [email protected]. The registered address is 92 Arya samaj, Guha Lane, Sambalpur OR 768001 IN
As you can see both companies are working under the same management of Rubi Ajmani and Rohit Ajmani. But they are run by someone named Sunil Kumar with phone number +918260836500 and the same address and location.
The company on its website claims to have a presence in the US, and the UK with fake phone numbers the United States: +18317045538 United Kingdom: +441256636046 Indian flag IN: +918260836500 but on further investigation, the company’s phone numbers are not working except for the Indian number +918260836500 is run by Sunil Kumar.
No foreign directors are involved in the company. The organizations were registered in India on February 4, 2020, and December 17, 2020, respectively. The company has a lot of negative reviews for being fake and cheating customers.
Both companies provide almost the same market research and data insights services. Perhaps one previously registered company being blacklisted for fraud may be the reason for opening another company with similar services to bypass the defamed name in the market.
We caution our readers not to fall into the trap of businesses, companies, and websites showing their presence in international locations because showing anything in the digital world is not a difficult job.
You may also fall into a trap where some company might show you their presence on the moon and mars, so always use your brevity and investigate thoroughly before dealing with such companies to avoid falling into any financial scam.
edited and proofread by nikita sharma