2nd Annual Corporate Fraud and Forensics India Summit 2018


Anirban Dasgupta

Group Head - Assurance and Internal Audit

RPG Enterprises

Anirban Dasgupta is a Joint President and Head – Internal Controls & Audit at Hindalco Industries Limited. His area of work includes: Internal Financial Controls (‘IFC’). Anirban leads Hindalco’s initiative for the Aluminium and Copper businesses) in these areas which include developing an inclusive Internal Controls framework, documenting Entity Level Controls, Process Level Controls (in all the key processes like Manufacturing and Mining, Supply Chain & various Enterprise Processes, Finance and Accounts including consolidation level controls, Commodity Risk Management and Treasury (Investments, Borrowings, Cash Management), Marketing areas like Pricing, Discount & Recovery of Selling Expenses, Order Management, Credit Policy, Shipping & Invoicing, Collection, AR management & GL posting, Credit and Debit Notes etc., Internal Controls over Financial Accounting and Reporting, Internal controls over capex and fixed assets, IT controls at the application level and generic level. Anti-Fraud controls etc. Anirban reports directly to the Audit Committee and the Managing Director of Hindalco in these foresaid initiatives. Anirban through a strategic co-sourcing resourcing model leads the Internal Audit function. His responsibilities include appraisal of the adequacy and effectiveness of internal controls of both Copper and Aluminium businesses so that financial, physical and information resources are appropriately managed. Anirban also conducts certain confidential and forensic type Internal Control Reviews and / or Value for Money reviews mandated by MD and Board from time to time.

Anusuya Chowdhury

Head of Fraud Investigations

HSBC Global Service Centres and Technology

Ms. Chowdhury is a certified fraud examiner with over 12 years of experience in the fraud risk domain across preventive, detective and investigative capabilities. Currently heading investigation of fraud and other financial crimes for the offshore service centres of HSBC Operations and Technology across seven countries.

Dr Balsingh Rajput

Superintendent of Police (Cyber Crime)

Maharashtra Cyber, Maharashtra State

Balsing is a serving Police officer in Maharashtra State with, Speaker, Researcher and Technology evangelist. Presently pursuing Ph.D from Tata Institute Of Social Sciences, Mumbai in the subject Cyber Crimes in India. He holds Postgraduate Degree in Agriculture Engineering (M Tech). He has strategic and technical expertise in the field of cyber security of critical infrastructures, Government Information Systems, and Cyber defence. He has first-hand experience to build cybercrime investigation cyber labs, Cyber Police Stations in Maharashtra State. He is presently working on development of integrated cyber security environment for Maharashtra state through Maharashtra Cyber Security Project. He is also part of Team building Maharashtra Computer Emergency Response Team. He was the part of cyber security delegation of India to Israel in 2016. He is also working for building the predictive policing solutions for predicting the law and order and crime mapping. He is also involved to develop the anti-piracy software solutions. He is a Chevening Cyber Security Fellow of UK and during his Fellowship he has presented research paper on ‘Identifying Emerging Cyber Security Challenges from National Security Perspectives’ He has a vast experience of crime investigation supervision, and detection. He has worked in Economic offences wing of Mumbai Police and unearthed many scams and investigated many sensitive cases. He has experience of leading teams in Large and complex police security arrangements for big events. His expertise and experience is in the field of investigations of complex cyber Economic crimes. He has willingly taken up extremely challenging assignments in Maoist hit Areas and communal sensitive places and successfully completed it. He has always led his teams from the front in Anti Extremist/ Naxal Operations. He has worked in communal riot sensitive areas and stabilized communal harmony with his citizen friendly community policing initiatives. During his assignments in Policing he has Maintained law and order; ensured prevention and detection of crime; and carried out investigation and supervision of serious crimes including cybercrimes and economic offences. He has experience of handling security arrangements for smooth and peaceful conduct of Assembly and Parliamentary elections. Presently he is also looking after the unit with a mandate to prevent of atrocities against woman. He is also involved in capacity building efforts for cyber security and cyber-crime investigation for Maharashtra Police. He has conducted training courses on scientific investigation, cyber-crime investigation, mobile and computer forensics, gender sensitization, and prevention of atrocities against woman

Colonel Sandeep Sudan

Head - Centre of Excellence Global Corporate Security

Reliance Industries

Col. Sandeep Sudan has 31 years of experience dealing with security issues at the strategic and operational level, pertaining to corporate risk management, dealing with information and physical security, primarily focused on people, processes and technology. Before commencing his corporate journey in early 2008 he served in the Indian Army for 21 years. He commanded a Mechanized Infantry Battalion in active Counter Insurgency operations in Jammu & Kashmir and held prestigious command, staff and instructional appointments. Currently he heads the Centre of Excellence for Global Corporate Security at Reliance Industries Limited, overseeing information & cyber security, fraud risk management, intelligence & vigilance, de-risking projects, training and strategic relationship management. Earlier he worked with Pinkerton as Country Director and was responsible for operations across South Asia and with Mahindra Special Services Group (Mahindra & Mahindra) where he served as Regional Head - North India. Sandeep is a post graduate in Defence and Strategic Studies from Madras University. He is an alumnus of the Indian Institute of Management, Indore, Army Command and General Staff College, Bangkok (Thailand) and Defence Services Staff College, Wellington (India). He is also a Certified Fraud Examiner (CFE). He is on the Board of Directors of the Security Sector Skill Development Council which is part of the National Skill Development Corporation, established by the Govt. of India. He is also an ex-officio member of the Faculty of Computer Science & Technology of the Gujarat Forensic Science University. Sandeep is a regular speaker in leading industry events on cutting edge security practices on corporate risk management.

Gaurav Batra

Asia Pacific Information Security Officer

Mondelez International

Gaurav Batra is a CISSP and CISM Certified Cyber Security Professional with decade of experience in BFSI sector including banks i.e. JP MORGAN, ICICI and Axis Bank. He has handled and managed end to end Information Security projects for implementing digital banking and Social media payment channels. Currently he is part of Mondelez International and handling their Asia wide Security Operations, emerging threats and risk management portfolio. He is also a Cyber Security Trainer and Member as a Global Faculty for Forensic Accounting and Fraud Prevention program by The Institute of chartered Accounts of India.

Jayant Pawar

General Manager - Investigations


Jayant Pawar is a Certified Fraud Examiner with over 17 years of work experience in the field of Security, Loss Prevention, Forensic Investigations and Risk Management. Presently, General Manager- Investigations in Corporate Security Team of Vodafone India Limited (VIL) and have handled multitude of fraud cases which include organized crime syndicates. After serving in Indian Army in Corps of Military Intelligence, worked with Reliance Retail, Aditya Birla Retail and Vodafone India in various positions where I managed Shrinkage, Security operations, Risk Management and Fraud Investigations. Being one of the first fraud prevention professional in these organizations, he was responsible and played critical role in formulating and operationalizing the fraud prevention program for these organizations. This has given him an insight into challenges faced by fraud prevention professionals while setting up the function and how to win the trust of the business to achieve the set objectives.

Kumar Shekhar

Director-Risk Operations


Kumar Shekhar brings with him ~ 12 years of experience in Fraud & Risk Management, Operational Risk Audit, Internal Controls & Process Improvement, Credit Card Collection, Home Loan & Education Loan Collection. He has worked with GE Capital, SBI Card & currently working as Director Risk Operations with PayU Payments. Kumar has proven track record of successfully superseding predefined target in all the roles. He is known for his eye for detail and in his last organization he was one of the most sought-after investigator for internal fraud. He is passionate about people management. He loves to impart training on Fraud & Risk Management, Use of Six Sigma in daily operational work to drive simplification with enhanced productivity etc. Some of his achievements are:- Delivering highest collection resolution with lowest cost of collection, positioning Internal Audit function as “Not Cost Centre” and helping organization plug revenue leakage of ~ 1 Cr in a year, achieving industry best AFPR for credit card decline with lowest fraud to sales ratio in credit card industry for year 2016 & 2017…successfully cited example of how to have great customer satisfaction without having any comprise with business risk & safety. Kumar holds three Master Degree: MBA in Leadership & Strategy from FMS Delhi University, MBA in Marketing & Finance from ICFAI & Master in Total Quality Management from SMU. Kumar is also certified Six Sigma Black Belt & trained PMP professional.

Nagesh Pinge

Independent Director NKGSB BANK

Past President IIA, India

Nagesh Pinge is an Expert in Ethics, Corporate Governance, Risk Management & Internal Audit. He is a Chartered Accountant and Law Graduate. In a career spanning 34 years, Pinge has worked with many Organizations of repute. He retired from Tata Motors in November 2016 as Chief of Internal Audit, Risk Management & Ethics. Prior to that he has worked as Chief Internal Audit in Reliance Retail Ltd & JSW Steel Ltd. Mr. Pinge has also worked for ICICI Bank & its Group Companies in Risk Management (as Chief Risk Officer), Regulatory Compliance and Internal Audit (Group Head-Internal Audit). He is, currently an Independent Director of NKGSB Bank which is a Multi-State Scheduled Bank and its Vice-Chairman. He is also an Advisor to Privi Organics Limited which is Fairbridge (PE) Company. Professional Outreach. Pinge is a ‘Thought Leader’ in Internal Audit & Risk Management and works very closely with the Institute of Internal Auditors, Inc., USA Florida (IIA, Inc.). IIA, Inc. is a Global Professional Body of the Internal Auditors worldwide with a membership base of 200,000. He is the Past President of the Institute of Internal Auditors, India.

He is also on the ‘International Internal Audit Standards Board’of the IIA, Inc. He is a recipient of ‘ICAI’ Award given by the Institute of Chartered Accountant of India for the year 2014 for his contribution to the Internal Audit fraternity in India. Mr. Pinge has authored a technical guidance note on “Risk based Audit for Banks” being published by the Institute of Chartered Accountants of India in December, 2005. A regular guest speaker at many conferences on Internal Audit and Risk Management in India and overseas. His presentations are very informative & he shares his rich experience & the global perspective.

Raghuvir Mukherji

Chief Risk Officer

IIFL Wealth and Asset Management

Raghuvir Mukherji is Chief Risk Officer of IIFL Wealth and Asset Management. He is responsible for enterprise risk management across all the businesses of IIFL Wealth and its subsidiaries, covering Mutual fund, Alternative assets, Lending, Advisory and Distribution. He has around 16 years of experience spanning various organizations; he has worked in the capital markets /securities services arena with Citibank, HSBC and JP Morgan, and in functional consulting with Infosys Technologies. He has also worked briefly with an equity research start-up. In his last role, he was working as Chief Risk Officer of Reliance Nippon Life Asset Management Ltd, responsible for risks across its Mutual Fund, Portfolio Management Services, AIF and Pension Fund businesses. Prior to that he was Vice President, Risk Policy and Analytics with HSBC covering such things as the wholesale lending policies of the Bank and the agenda for the Risk Management Committee.

Raghuvir is an alumnus of St. Xavier’s College Kolkata, a Chartered Accountant and Certified Financial Risk Manager (FRM) accredited by the Global Association of Risk Professionals, USA

Rekha Vishwanath

Head Audit and Assurance

Reliance Capital

Rekha Vishwanath is currently working as Head of Audit and Assurance at Reliance Capital where she is responsible for leading the internal audit practices and procedures at Group level and major businesses including insurance, mutual funds, securities, home and commercial finance. She is a finance professional with more than 20 years of international experience in Best in Class companies with exposure to all aspects of Finance including Tax, Treasury, Operations and Audit. She has worked in the Middle East, Asia, and North America. Among her many earlier roles, she was CFO for Schlumberger’s India, Bangladesh, and Sri Lanka operations with Revenue of USD 500 million, and prior to that Financial Controller for Indonesia sub-region market. Rekha also serves as an Independent Director on the Board of Tata Advanced Materials Limited where she is a member of the Audit Committee and the Nominations & Remuneration Committee. Rekha is a Commerce Graduate from the University of Mumbai, and a rank-holder and qualified Chartered Accountant and Cost and Works Accountant. She has also completed the Accelerated Development Program from The Booth School of Business at the University of Chicago, as well as Management Program at IMD Lausanne. Rekha enjoys traveling, experimenting with food, and spending time with family and friends

Sai Chandrashekar

Vice President & Head of Operational Risk Shared Services

Ocwen Financial Solutions Private Limited

Sai Chandrashekar is a Governance, Risk & Compliance Specialist with over 18 years of experience in the Banking and Financial Services across various financial hubs in Asia, Europe and the Americas. He has worked with a number of renowned Financial Institutions including HSBC, Standard Chartered and Societe Generale in various capacities and is currently with Ocwen Financial Services as a Vice President & Head of Operational Risk Shared Services.

Sai holds a Bachelor’s Degree in Economics from Christ College, Bangalore specializing in Quantitative Analysis. He is a certified GRC Professional, Forensic Accounting Professional and an Anti-Money Laundering Expert.

Sanjay Rai

Additional Director, Serious Fraud Investigation Office, (SFIO, Mumbai)

Govt of India

Sanjay Rai is currently the Additional Director (Investigation) and Regional Head of Western India of Serious Fraud Investigation Office, Ministry of Corporate Affairs, Government of India. He has done his B Tech and M Tech in Biochemical Engineering from IIT, Delhi. He is a commissioner of Income Tax. He joined Indian Revenue Service and Worked as DDIT (Investigation), Mumbai, Additional Commissioner of Income Tax, Mumbai / Vapi, Additional DIT (Investigation), Rajkot, Additional Director (Investigation), SFIO. Major cases investigated by Mr. Sanjay Rai • Investigated and assessed Harshad Mehta Group of cases of 1992 scam. • Speak asia Online scam. • Investigated penny stock companies and multiple. Demat scam of Rajkot / Ahmedabad. • Operation Jam Jam, Jamsalaya, Gujarat. • M/s JVL/AsaramBapu's case. • City Limouzines – scam Mumbai. • Unipay 2U – scam Northeast, India. • Kingfisher Airlines, besides other investigations of corporate and other assesses from Income Tax's company law and Criminal point of view.

Shailendra Kothavale

Chief Compliance and Risk Officer

Aditya Birla Sun Life Insurance

Shailendra is the Chief Compliance Officer and Chief Risk Officer of Aditya Birla Sun Life Insurance which includes the control functions of Enterprise Risk Management, Operational Risk Management, Compliance, Investment mid-office, Information Security and Business Continuity. He also manages the Internal Audit function of the Company. He is a part of the Senior Leadership Team of the Company. Prior to this, he was working with ICICI Prudential Life Insurance Company for 11 years handling, at various points of time, Compliance, Internal Audit, Information Security, Risk Management, SOX implementation and Business Continuity Management. Prior to joining ICICI Prudential, he had a stint with Pfizer, Avantha Group and was also into consulting practice. Shailendra is a Chartered Accountant and a Certified Information Systems Auditor, with experience in the areas of Risk Management, Compliance, Internal Audit, Information Security, Investment Risk and Business Continuity Management. He is ISO certified Lead Auditor in Information Security and Business Continuity. Shailendra has presented on Information Security, Risk Management, GRC, Compliance, Internal Audit and Business Continuity at various professional forums both locally and internationally. He has co-authored ‘Technical Guide on Audit of Life Insurance Companies’ issued by Institute of Chartered Accountants of India and has written for publications of professional organizations he is associated with. His team has won recently the prestigious Golden Peacock Award for Risk Management. During the year, the team has won the Best Risk Management Team Award by UBS and by Legal Era. He has also won the Best CRO Award by Legal Era and featured in their magazine.

Shashank Bajpai

Chief Information Security Officer

ACKO General Insurance Limited

Shashank Bajpai is the Chief Information Security Officer (CISO) of ACKO General Insurance Ltd.

He possesses immense domain expertise in Cyber Security, IT Strategy & Risk. He holds a Post Graduate in Systems & Security and had been associated with CDAC – The Supercomputing People, Govt. of India. He has published international research papers on Cloud Security and Neural Networks. He, being associated with EY-Risk Advisory Services, has provided strategic InfoSec consulting to various enterprises in the Financial Sector of India and South East Asia.

He has contributed in designing the cyber secure architecture of Reliance Jio led 4G Telecom revolution in India. Shashank currently governs the Information Security Risk at ACKO, which is the first startup in India to build an insurance business solely on a technology platform.

He is focused on harnessing the new-age technologies like Machine Learning, IoT and Blockchain to secure and complement the business strategy of the new-age insurance firm.

Shivram Sundararaman

Director - Risk Management & Assurance


Shivram Sundararaman is a Risk Management Professional with over 16 years of experience in sectors like Manufacturing, Services sector, retail and internet based industry as well as IOT. His domain expertise includes Internal Audit, Investigations, Ethics & Compliance and Enterprise Risk Management. Presently, Shivram is working as Director at Flipkart since 2014 and he leads Internal audit, Ethics based investigations, ERM initiatives across Flipkart Group. As part of his profile, he covers most of the Business Lines, i.e., E-Commerce Market Place, B2B, Supply Chain Management & Logistics and Financial Arm including Wallet based businesses. Prior to Flipkart, Shivram was associated with Caterpillar India (Subsidiary of Caterpillar Inc as Global Audit Manager for over 5 years, managing Internal Audits for business verticals globally located across US, Europe, China, Brazil, Australia. Prior to Caterpillar India, Shivram had worked with a Big 4 Audit firm (Deloitte) for about 5.5 years in Audit & Assurance and Enterprise Risk Management services vertical. During his stint with Deloitte, Shivram’s work profile included Statutory Audits, Tax Audits, SOX, SAS70 (currently SSAE 16/ ISAE 3402) and other consulting engagements. Further, Shivram was among the select few from his team (at Deloitte) to be deputed to Minneapolis, US & Cambridge, UK for certain special assignments. Shivram has keen inclination towards trainings and provides numerous internal trainings and as well as external trainings. Shivram has also been a guest trainer at IIA Bangalore Training Workshops. Shivram is a commerce graduate from Madras University and is also F.C.A (ICAI, India) and C.I.S.A (ISACA, USA).

Vinay Kumar Jain

Advocate & Solicitor, Certified Fraud Examiner, Founder & Director

Lex Process, Inc.

Mr. Vinay Kumar Jain is a distinguished member of Association of Certified Fraud Examiners (ACFE), a qualified Lawyer, Company Secretary and holds the distinction of being the youngest qualified Solicitor of India. Mr. Jain is also a Certified Digital Forensic Investigator (CDFI), Certified Forensic Litigation Consultant (CFLC) and Certified Forensic Investigator (CFI). Mr. Jain is the Founder and Director of Lex Process, an ISO 27001:2013 and 9001:2015 global legal support services company. With offices in New York, India and Singapore, Lex Process provides unparalleled solutions to address the risk, detection and prevention of corporate frauds. A dedicated team of attorneys and experts drives economies of scale and knowledge in the areas of Corporate Fraud & Forensics Investigation, Ethics & Compliance Audit, Contract Management and other Litigation Support Services. Mr. Jain has also founded VKJ Law Offices of Vinay K. Jain, Advocates & Solicitor, which is one of the most successful and premier multiservice law firms of Central India region with clients ranging from medium to large manufacturing companies, service provider companies, premier financial institutions etc. Mr. Jain is an experienced legal professional having legal experience built on the solid foundation of premier education in India, possessing a well-rounded national and international experience, including working with premier corporate law firms of India servicing various international corporations and law firms with global presence, as well as in High courts and Supreme Court of India. Over the years, he has acquired substantial international work exposure in Fraud and Forensics investigations, Compliance & Ethical Audit and has gained expertise in taxation laws, drafting and vetting of contracts, contract negotiations and closure, strategizing litigation matters, transactional advisory, licensing and intellectual property related issues. In addition to cutting-edge legal experience, he has also developed and sharpened a leadership skill set and cultural navigability.

Huzefa Goawala

GRC Specialist

India and SAARC RSA

Huzefa Goawala is GRC Specialist, India and SAARC for RSA, based in Mumbai. He is responsible for leading RSA’s GRC business in the region. He has an overall working experience of 18+ years, of which he has been focused on Information Security and GRC domains for 11 years. Huzefa, has an extensive experience of working across technologies and driving regional businesses in organizations such as Oracle, Sun Microsystems etc. He led the Security Solutions business for Oracle, while at Sun he was responsible for the Software business

Shrikant Subbarayan

Group Chief Risk Officer & Chief Corporate Controller

Edelweiss Financial Services Ltd

Mr. Shrikant Subbarayan is Chief Corporate Controller and Group Chief Risk Officer at Edelweiss Financial Services Limited. At Edelweiss, he provides Group level oversight of risk and control structure. In addition, he is also responsible for identifying opportunities in terms of strategy, people, process and technology within Edelweiss. He is also a member of Edelweiss Management Committee. Prior to joining Edelweiss, he was associated with Financial Technologies, MCX & NCDEX. As President - Financial Technologies he was primarily responsible for setting up Singapore mercantile exchange -SMX. In his role as "Principal Advisor " at MCX - SX and as Chief Business Officer at NCDEX , he was known to be the brains behind the business and successfully created Billion dollar businesses within a year. He also founded UNNATI, a 'Venture Catalyst' firm with the vision of 'Nurturing Business, Creating Value', a novel concept to infuse management capital as a catalyst to help businesses attain their potential. Shrikant has a unique skill set encompassing 360 degrees understanding of the financial markets - the exchange perspective, the industry perspective and the trader's perspective. Widely regarded, as one of the father figures instrumental in developing India's financial markets, viz Commodity markets and Currency Derivatives. His deep product insight has earned him respect in the industry circles and that coupled with keen market insight has resulted in both these markets growing rapidly. He has been invited to speak in various industry conferences and has also been a member of CII committees. He is MBA, Finance from S.P. Jain Institute of Management & Research.

Kannan Subbiah

Sr. Vice President & CTO

MF Utilities India Pvt Ltd

Mr. Kannan Subbiah is the Sr. VP and Chief Technology Officer with MF Utilities India Pvt Ltd (MFU). He has been part of MF Utilities since inception and has played a key role in designing and implementing the System. MF Utilities is a unique initiative by the Mutual Funds in India to benefit all the stakeholders, including the Distributors and Investors. Mr. Kannan is a commerce graduate from Madurai Kamaraj University and a Chartered Accountant (1987). He also holds the highly acclaimed certifications Certified Information Systems Auditor (CISA) and Certified in Governance of Enterprise IT (CGEIT) awarded by the Information Systems Audit and Control Association (ISACA), USA. Being a techno functional professional, Mr. Kannan has close to three decades of professional experience, of which over 20 years is in wide ranging IT related roles from developer to CTO. His strengths include product & program management, solution architecture and information security. Earlier Mr. Kannan was heading the India Development Center for Knowledge Universe Technologies India Pvt Ltd delivering and managing IT solutions for the Knowledge Universe group, a leading childcare service provider with the brand name KinderCare with over 2000 centers in the US and worldwide. Mr. Kannan has played a vital role with Acsys Software (CAMS group company and now named as Sterling Solutions), primarily designing and delivering technology solutions for CAMS. Has also delivered solutions for mutual fund distributors in India and Europe. Mr. Kannan was instrumental in introducing certain key capabilities in the Transfer Agency System for CAMS, resulting in significant improvement in service delivery. Soon after qualifying as a Chartered Accountant in 1987, Mr. Kannan was practicing as a Chartered Accountant in Coimbatore for few years, before pursuing his career in Information Technology. Mr. Kannan has been the Founder Vice President of the Coimbatore Chapter of ISACA in 1998 and Honorary Chairman of Coimbatore Branch of ICAI in 1997. Under his Chairmanship, the Coimbatore Branch of ICAI bagged the All India Best Branch Award. He is also an all India rank holder in the CA Intermediate examination held in 1985. Reading and sharing information is his passion and Mr. Kannan is an active blogger. He publishes a daily digest of news / articles in the areas of Information Technology and Management. Mr. Kannan is active on twitter and his twitter handle is @kannagoldsun

Vivek Kumar Bajaj

Chief Risk Officer

United Overseas Bank