i-law

Fraud Intelligence

UK fraud reported hits 15-year high

The total annual cost of fraud in the UK reached £2.11bn in 2017, based on reported cases over £50,000, according to accountants BDO. The figure is up 6.5% from £1.99bn in 2016, representing a 538% rise over the last 15 years, says..
Online Published Date:  16 January 2018

“There are certain times where you have to speak up” – Airbus whistleblower’s story (video)

When Ian Foxley fled Saudi Arabia, exposing corrupt payments by an Airbus subsidiary that potentially total 16% of a £5 billion project, his life took an unexpected and irrevocable turn. Speaking with Fraud Intelligence, he debunks cultural,..
Online Published Date:  16 January 2018

Bank within Privatbank facilitated $5.5 billion fraud losses, Kroll finds

Privatbank in Ukraine was the victim of an orchestrated fraud across at least 10 years (to December 2016, when it was nationalised), which led to losses of at least US$5.5 billion, according to Kroll investigators.In a 16 January [2018] statement,..
Online Published Date:  18 January 2018

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