Why is important to use corporate theft investigation to avoid internal losses?

Nowadays, corporate theft has become the worst causes of internal losses to businesses. Huge cases of loss of company stationery, valuables and assets are coming in the lights. The corporate theft investigations conducted by investigation agencies reveal that the staffers of a firm are committing thefts and pilferages. Most of the time, firms ignore tiny cases, if large scale incidents occur in the firms then things can’t be ignored and firms would go for detecting the cause. If they ignore the matter then preps will boldly to commit serious thefts.  

The supply of inferior product ruptured the good image of the firm among clients. Authorities suspected the loss due to falling stock of silver ion. They also doubted the involvement of workers in the theft. The cause was not yet cleared to them as they didn’t have any evidence to prove the matter. In order to find the cause and also to get the details of involved persons, the firm hired corporate theft investigation service served by a Toronto based investigative firm.   

In this context, I want to bring an incident of a corporate theft to your notice which occurred in a firm. The matter was investigated by an investigation agency of Toronto. As per them the workers of a production unit of said firm ganged to commit the theft. This is matter related to film processing and it includes many steps for its completions. Among that, fixing is one such step which involves silver ion for the development of the image and lastly it is converted into silver metal by product. But the client who is a film production company noticed a decrease in the silver yield of plant. Due to which, the quality and standard of film had gone down.   

A team was formed to carry out detailed investigation. The process was initiated in a manner with a visit to the plant to interview each and every worker present there. In addition to that the team also conducted background check of each employee. The team examined the credit records and bank account details of every worker to detect that if anyone is having surplus funds in his account than his earning. The team found that many workers were having net worth far exceeding their wages.     

These suspected employees were placed under watch using discreet surveillance. Their activities were being watched out at different level. During surveillance, the team noticed that few potential workers have formed a gang and they have a deal to smuggle silver ion in small boxes of about 5 gallons to third parties out of the plant. Onward, the third parties was selling unrefined boxed of silver ion to jewelers at some other place who used to refine the ions for making attractive silver ornaments and selling them to earning million dollars.  

The appointed team prepared a report after the completion of investigation, and also liaison with United States law enforcing agencies for the arrest and pecuniary punishment of culprits. However, the union was opposing the charges. Finally, the services of involved employees were terminated and about 500 lb of silver ion costing over $100,000 recovered from the offender during this operation. The stock was returned to the authorities. The timely action from the investigators and wise decision of clients protected him from huge financial loss. The timely use corporate theft investigation could bust the gang and culprits were exposed.    

With this example, it is clear that using corporate theft investigation, you can find that what is going on in your firm and will that not harm the firm.  It reveals that these investigations have marvelous merits that have raised the importance of corporate theft investigations for reducing internal losses of a firm.