Forbes – Private equity investors in Asia are increasingly fearful of fraud within their portfolio companies as the global economic downturn puts mounting pressure on firms in the region.

The global financial crisis has already caused significant damage to private equity-backed companies in Asia, with shares plunging and demand drying up for everything from electronics to manufactured goods.

But corporate fraud, a scourge that can be more prevalent and harder to detect in emerging economies such as China and India, can quickly turn a bad private equity investment into a disaster.

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Tags: asia, china, corporate fraud, disaster, economic-downturn, emerging economies, forbes, global financial crisis, india, portfolio companies, private equity investment, private-equity-investors, scourge