New Delhi: As part of the Preventive Vigilance Campaign 2026, Housing and Urban Development Corporation Limited (HUDCO) organised a training session on “Modus Operandi and Root Cause Analysis of Frauds” in pursuance of the guidelines issued by the Central Vigilance Commission (CVC).
The training programme focused on strengthening employees’ awareness of fraud risks and improving their understanding of preventive vigilance practices. The session used real-world case studies to help employees understand how frauds are carried out, identify their underlying causes and adopt appropriate preventive measures.
Training Session Focuses on Fraud Prevention and Vigilance
The session was conducted by Rajesh Verma, Ex-Director, ABBFF, and featured 20 specific case studies dealing with the modus operandi and root causes of various frauds.
The case-study-based approach provided participants with practical insights into fraud-related risks and the importance of identifying vulnerabilities at an early stage.
The session primarily focused on:
- Understanding the modus operandi of frauds
- Identifying the root causes behind fraudulent activities
- Strengthening employees’ awareness of potential fraud risks
- Improving preventive vigilance practices
- Promoting timely identification and mitigation of risks
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Focus on Credit Appraisal and Credit Monitoring
A key objective of the programme was to strengthen employees’ understanding of credit appraisal and credit monitoring.
The training highlighted the importance of effective scrutiny and continuous monitoring in identifying potential risks associated with financial transactions and credit operations.
Through the 20 case studies, employees were provided practical examples that could help them better understand how weaknesses in processes and monitoring mechanisms may contribute to fraud risks.
The programme also emphasised the importance of adopting preventive measures rather than limiting vigilance efforts to action after an incident has occurred.
Case Studies Highlight Root Causes of Frauds
The session placed particular emphasis on understanding not only how frauds are committed but also why they occur.
The case studies examined the underlying factors and vulnerabilities that can contribute to fraudulent activities. Such analysis can help organisations identify gaps in systems and processes and take corrective measures to reduce the possibility of recurrence.
The programme encouraged employees to apply these learnings in their respective areas of work and remain alert to potential warning signs.
Preventive Vigilance Campaign 2026
The training programme forms part of the Preventive Vigilance Campaign 2026, which focuses on creating greater awareness, strengthening internal processes and promoting a culture of integrity and accountability.
The initiative seeks to equip employees with the knowledge and tools required to identify risks and take preventive action.
Key objectives include:
- Building greater vigilance awareness among employees
- Strengthening risk identification and mitigation
- Improving monitoring and appraisal practices
- Promoting transparency and accountability
- Reducing the risk of fraud through preventive measures
The programme also reinforces the importance of continuous learning and capacity building in strengthening an organisation’s overall vigilance framework.
HUDCO Emphasises Awareness and Preventive Measures
Through such training and awareness initiatives, HUDCO is focusing on enhancing employees’ understanding of fraud risks and strengthening preventive vigilance practices.
The use of practical case studies provides employees with an opportunity to learn from specific instances and better understand the importance of robust systems, effective monitoring and timely risk identification.
The initiative is aimed at contributing to a stronger vigilance culture and supporting efforts to mitigate the risk of fraud across the organisation.
About HUDCO
Housing and Urban Development Corporation Limited (HUDCO) is a Central Public Sector Enterprise under the Ministry of Housing and Urban Affairs. HUDCO provides financial assistance and supports projects related to housing and urban infrastructure development across India.
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