India CSR Network
  • Sustainability
  • CSR
  • Corporate Governance
  • More
    • NEWS
    • ARTICLES
    • INTERVIEWS
    • Books
    • Events
    • Knowledge
  • हिंदी
No Result
View All Result
India CSR Network
No Result
View All Result
India CSR Network
No Result
View All Result
Home CSR

How to Detect Fraud in Corporate Social Responsibility (CSR) in India?

India CSR Network by India CSR Network
07/07/2020
Reading Time: 3 min
Share on FacebookShare on TwitterShare on LinkedInShare on WhatsApp

NGOs of rural background are soft target of Fraud CSR advisors

Corporate Social Responsibility (CSR) fraud is the biggest threat to the social development landscape in India. CSR funding is a highly regulated business affair. It is worth mentioning that CSR funds are public money as mandated by the hon’ble Parliament. Corporate Social Responsibility gives an opportunity to participate in socio-economic development of India. CSR is a part of development work of nation building.

Advertisement Advertisement Advertisement
ADVERTISEMENT

Fake CSR consultants are active in various cities. CSR funds are being misused in an organised manner by associating with companies, CSR Managers, CSR Directors, CSR consultants and social development organizations.

It has been experienced that fake CSR consultants are appointed by companies where corporate governance is very weak. These middlemen have made CSR grantmaking process messy. These so-called CSR Consultants with NGOs as their members are often seen speaking in forums claiming to make CSR selection process transparent.

Cartoon by Sabbir. CopyRight@IndiaCSR and CartoonWatch

Small, desperate and unsuspecting NGOs are being trapped by these fraudulent consultants. Here are a few ways to detect and avoid such consultants:

Phone Calls offering CSR funding

A phone call from CSR consultants offering CSR funds to NGOs is fraudulent. Their soft targets are civil society organisations, NGOs with rural backgrounds. If you receive a phone call offering CSR funds for social projects be careful.

Emails offering CSR funding

Fraudulent CSR consultants also used to send attractive emails to NGOs offering CSR projects. The fake CSR advisors often mislead the innocent social organizations of rural areas in the name of getting the CSR project done by attractive emails, but also extort money from them. On receiving the email of a CSR consultant for CSR projects, they should read it carefully and understand the things mentioned in it deeply and avoid answering. Once answered, Fraudulent gets information about your organization. They often misuse this information.

MOU on providing CSR Funds

Whenever social organizations fall into their trap, CSR consultants call them in their offices and sign the agreement. For this, they take a lump sum amount as a commission from the organization. They write the fabricated and bogus things in the agreement letter. Later on, these forms also threaten social organizations with legal action. One should avoid signing any forms with advisors and be careful.

Use of social media

Social media is well used by fake CSR consultants to woo social organizations. In the name of CSR implementation, fake CSR consultants derive large sums from companies and social institutions. So-called CSR consultants also create fear of their high political reach. It may be harmful to NGOs to contact CSR consultants through social media.

Tags: Corporate FraudCorporate Social Responsibility (CSR)CSR FraudCSR MisconductFake CSR AdvisorsMisuse of CSR Funds
India CSR Network

India CSR Network

Having millions of readers - India CSR is the largest repository of information and knowledge on CSR in India and offers networking and promotion opportunities of CSR innovations and success. India CSR Network is a leading media organization on Sustainable Development, Corporate Social Responsibility (CSR), Sustainability and related issues in India. The digital platform offers insights on Corporate Governance, Business Responsibility, Human Rights, Sustainability, Sustainable Development, Workplace Safety, Industry 4.0, CSR 2.0 and other Socio-Economic issues. Founded in 2009, the organization aspires to become globally admired media that offers valuable information of its readers through responsible reporting. Business proposal on featuring your CSR and Sustainability success and sponsored posts can be sent to biz@indiacsr.in

Related Posts

Jitendra Routray: India CSR Professional of The Year Awards 2021
CSR

Jitendra Routray: India CSR Professional of The Year Awards 2021

CSR

CSR: Toyota Kirloskar Motor Ties Up With Govt. For Skilling Youths

Yamaha begins with National Road Safety awareness initiative 2021
CSR

Yamaha begins with National Road Safety awareness initiative 2021

Highlights

CSR: Toyota Kirloskar Motor Ties Up With Govt. For Skilling Youths

Republic or Democratic?

Yamaha begins with National Road Safety awareness initiative 2021

Dr. Lopamudra Priyadarshini: India CSR Professional of The Year Awards 2021

Technology to be game changer for Corporate Compliance

Pandemic time used for Self-Development, Survey reveals

Trending

Vice President calls for making the cities accessible, inclusive and sustainable
NEWS

Vice President calls for making the cities accessible, inclusive and sustainable

The Vice President, M. Venkaiah Naidu said that Covid-19 pandemic has taught us the importance of good...

Budget 2021: Pivotal transformation for Agriculture growth in new normal

Jitendra Routray: India CSR Professional of The Year Awards 2021

Jitendra Routray: India CSR Professional of The Year Awards 2021

CSR: Toyota Kirloskar Motor Ties Up With Govt. For Skilling Youths

Republic or Democratic?

India CSR Network

  • Home
  • About Us
  • Team
  • Contact
  • Terms of Use
No Result
View All Result
  • Sustainability
  • CSR
  • Corporate Governance
  • More
    • NEWS
    • ARTICLES
    • INTERVIEWS
    • Books
    • Events
    • Knowledge
  • हिंदी
escort eskişehir - taxi - lidyabetbahis.net - mersin eskort -

Meritroyalbet

1