Monthly Archives: July 2016

PROCUREMENT FRAUD £127 BILLION “By far the biggest source of fraud for these businesses relates to procurement – an enormous £127 billion. Procurement fraud included crimes such as the submission of false invoices or the awarding of contracts in exchange for bribes….” The source of this statement is the 2016 report overseen by the UK […]

Procurement Fraud! Will it Ever Stop? The perpetrators of procurement fraud have almost endless opportunities to commit fraud. We have another example for you. It concerns construction procurement, so there is no surprise there. The case investigated included bids for projects, some of which was either (1) fraudulent or (2) from a company owned by […]

WHY ISN’T FRAUD FOUND EARLIER? – AN INDICTMENT! We have, in the past, heard our clients say ‘It couldn’t happen here.’ This is a genuinely held belief when it comes to fraudulent practice. Our professional work requires continuing research into ‘goings on’ that impact on our work and our client’s corporate reputation. Events at the […]

  10 points about real life bribery and fraud We have a continuing research project into Bribery & Fraud, specifically when the circumstances involve procurement and other staff with a supplier(s). This research has led us to a report on “Investigation into bribery and fraud at RailCorp (Australian report by ICAC – First Report). Chapter […]

The Fraudulent Lifestyle Our recent commentary on “who is checking the buyer’s lifestyle” has, it seems touched some raw nerves. One of our respondents has asked “how do you check a lifestyle?” it is a very perceptive question. Of course, there are a whole variety of investigative techniques and we do not believe it is […]

Crown Prosecution Service – Taxi Fraud It was widely reported in last week’s press that two Crown Prosecution Service workers were each jailed for six years, for swindling £1million from the taxpayers in fake taxi receipts. It was reported that the fraud was uncovered after an annual audit, and, that two previous audits had not uncovered the […]

“Weak policies and procedures have led to questionable procurement practices, mismanagement and a lack of overall accountability.” The OIG Audit report AV-2013-006, issued Nov 1, 2012 in regard to the Metropolitan Washington Airports Authority (MWAA) is compelling reading. Any alert organisation will ask a rhetorical question, “Could this be happening to us?” Some will find […]