Like the rest of the world, corporate frauds in India have been exacting a devastating toll on the economy, and resulting in the loss of livelihoods. Crises in Jet Airways, Crompton Greaves, and Fortis–Religare are a few among the multitude of corporate downfalls in the recent years. Although regulatory and compliance mechanisms are important to keep a tab on the corporate world, there is a need to look at the human element, the persons who are responsible for such fraudulent behaviour, by bringing in a behavioural approach.
