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Fraud & corruption law

Latest fraud & corruption law

Senior purchaser convicted of £2 million fraudRoss Knowles, the former head of energy procurement for the Laser Energy Buying Group at Kent County Council, has been found guilty of fraud by Maidstone Crown Court. 03 April 2012
Bribery Act proves no barrier to most businessesOnly 6 per cent of companies say updated UK anti-corruption legislation has affected their ability to do business. 29 December 2011
Buyers should beware of present policySuppliers and staff must be fully informed whether it is acceptable to give or receive gifts and hospitality. 16 December 2011
Advance warningBuyers should act immediately to avoid falling foul of the Bribery Act, now that a date has been set for its implementation 14 April 2011
Government sets date for bribery law"Reasonable and proportionate" corporate hospitality will not be classed as bribery under new legislation, the government has confirmed. 31 March 2011
SFO calls for collaboration to fight briberyThe Serious Fraud Office wants firms to blow the whistle on suppliers and other companies who break the UK's new bribery law. 20 January 2011
Lobby group slams ministers' decision to delay bribery lawThe UK government has put back the introduction of the Bribery Act, provoking protest from a lobby group. 22 July 2010
Steel and bathroom cartels fined 1.1 billion eurosThe European Commission has imposed fines on two cartels, including one group of 17 steelmakers that fixed prices for 18 years. 02 July 2010
Few concerns over bribery lawProcurement experts believe they do not need to review their purchasing processes in light of the Bribery Act, which is due to come into force this autumn. 25 May 2010
News focus: An incentive to take actionMany procurement professionals believe the UK Bribery Act will not change the way they work. Andy Allen asks if they are burying their heads in the sand 25 May 2010
Electronics firms fined for cartel activityThe European Commission has secured a cartel conviction against a group of memory chip manufacturers. 21 May 2010
Cape to cut corruptionSouth Africa's Western Cape province intends to pass an anti-corruption law that will prohibit civil servants from procuring government business. 11 May 2010
BAE Systems faces prosecution for overseas bribery claimsThe UK's Serious Fraud Office (SFO) today announced it intends to prosecute defence contractor BAE Systems on charges of overseas corruption. 01 October 2009
$19.2m for turning them inA whistleblower is set to get a $19.2 million (£13 million) share of a legal settlement after raising allegations of fraud in the US. 27 April 2009
'Failure to prevent' is offenceUK companies will be at increased risk of prosecution if they neglect to prevent bribery under proposed new laws published last week. 27 March 2009

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Editor's choice

Calling time on corruptionWith the cost to Africa of fraudulent practices estimated at 25 per cent of its gross domestic product, serious steps are now being taken to  stop the rot, writes Elaine Porteous.

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Fraud and corruption (left)

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Have I missed something?
Trevor Black is concerned details of "tough contract negotiations" and procurement fraud is damaging the perception of public purchasing.
Time to teach buyers a lesson over bribery
Gifts to the public sector may have hit the headlines, blogs Claudine Swiatek, but the real issue is around a lack of policies and procedures.
Moral duties
With procurement at the coalface of business, buyers can lead the way in tackling corrupt practices

Fraud and corruption (right)

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Senior purchaser convicted of £2 million fraud
Ross Knowles, the former head of energy procurement for the Laser Energy Buying Group at Kent County Council, has been found guilty of fraud by Maidstone Crown Court.
Procurement fraud costs public sector £2.3 billion
Fraudsters are swindling the taxpayer through double invoicing, kickbacks and rigged bids.

FEATURES

Calling time on corruption
With the cost to Africa of fraudulent practices estimated at 25 per cent of its gross domestic product, serious steps are now being taken to  stop the rot, writes Elaine Porteous.
Buyer beware
Company hijack is on the increase in South Africa, so if you do business there, supplier checks are crucial, warns Alan Jewson

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