What Are the Legal Implications of Fraud and Corruption?
Fraud and corruption are illegal and can result in severe penalties, including: - Fines and Penalties: Companies found guilty may face substantial fines. - Criminal Charges: Individuals involved in fraudulent activities may face criminal charges and imprisonment. - Civil Lawsuits: Victims of fraud can file civil lawsuits to recover losses. - Regulatory Sanctions: Companies may face sanctions from regulatory authorities, affecting their ability to do business.