Study of workplace fraud and fiddles in the private security industry in India

Bundela, Gyanendra Singh (2014) Study of workplace fraud and fiddles in the private security industry in India. MSc dissertation, University of Portsmouth.

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    Abstract

    In India, private security industry is one of the largest employers, particularly creating employment opportunities for the lower strata of the society. At present security service industry is estimated to employ 6 - 6.5million security personnel. It is expected to grow at 20 % annually and estimated to attain a size of £ 6.3 billion by 2018 (FICCI-EY, 2013). The rapid growth of this industry can be attributed to economic development and growth in financial services. In addition low police to citizen ratio (1.3:1000 against 3:1000 global median) coupled with vulnerability to terrorist attacks has led to the emergence of the private security industry (FICCI-EY, 2013). Organised private security companies has been involved in securing key infrastructure such as airports, special economic zones (SEZ), information technology parks, commercial and industrial establishments along with providing cash services to the major public and private sector banks. Apart from fragmented adoption of Private Security Agency (Regulation) Act 2005, private security service industry is mostly under regulated and under researched.
    Functions of private security have a close interaction with people in a day to day life. Fraudulent and corrupt practices in this domain could lead to severe consequences. Therefore primary focus of this research firstly is to understand the nature and causes of fraud and corruption at the operational level in the private security industry. Subsequently to review whether the factors contributing towards fraud and corruption are industry specific or have any cultural influence on them. Secondly to highlight indulgence of security companies in corrupt practices to acquire security contracts in public and private domain.

    Item Type: Dissertation
    Departments/Research Groups: Faculty of Humanities and Social Sciences > Institute of Criminal Justice Studies
    Depositing User: Beth Atkins
    Date Deposited: 16 Jan 2015 14:54
    Last Modified: 28 Jan 2015 12:48
    URI: http://eprints.port.ac.uk/id/eprint/16509

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