How Corporate Detectives Help In Asset Verification?

by Rajesh Sinha Consultant Asset verification has become one of the regular activities in large scale corporate houses. They collect asset details of individuals as well as companies for varied reasons like debt payment, fines, fraud detection etc. Do you remember cases, where many leading politicians or celebrities are raided and sued for non-disclosure of their total assets? How do the authorities get to know about total worth of these people? Yes all this is done with the help of corporate detectives.

What is the requirement of asset verification?

There can be various reasons behind asset verification. Sometimes internal frauds in an organization or fake claims by the debtor lead to corporate investigations. With industrialization in almost in every city in India corporate investigations in Kolkata, Delhi and Mumbai are common. When any debtor cheats on the company and claims to have cleared all the debts while he has not done in reality, a need of asset verification arises. Three major reasons why companies hire professional detectives are individual asset verification, debt collection and verification of company assets when it cheats other companies.

Verification Process

Majorly detectives divide the process in 4 categories: property records, bank account, company records and vehicle ownership. These categories might differ on the basis of target.

Property records: In this process, the investigator checks out total properly of the target. He also finds out owner of different real estate investments like residence, land or other buildings.

Bank Account: In this process, the investigators check total worth of the targets. It includes details of both the active and inactive accounts. They collect bank statements of different accounts.

Company records: If the case is against some company, the investigation process also includes collection of company details like its turnover, past transactions, bank statement, total investments, relations with partners and total sales.

Vehicle ownership: This includes details of the vehicles owned by the target. Sometimes people buy vehicles at family member's names, detectives also find out these details. If it is corporate investigation and the target owns corporate vehicles, detectives also check out the revenue earned by using the vehicles.

Individual investigations can be conducted by both internal and external factors. To conduct investigations on employees, you can also hire employment investigators in Kolkata. They check total asset value with the employees as well as their past records.

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Created on Dec 31st 1969 18:00. Viewed 0 times.

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