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Latest fraud & corruption news

Procurement must build trust to get a seat on the board"We must look at ourselves and say, do people trust procurement? They expect to deal with professionals who exhibit integrity and competence," Edward Siwela, from the Institute of Directors Zimbabwe. 22 May 2013
UK procurement fraud to rise in 2013Procurement and supply chain fraud is expected to increase next year, as the weak economy continues to put people under financial pressure. 23 December 2012
Political system leaves UK 'vulnerable to corruption''Scandals' have been blamed for nation's poor performance in Transparency International's annual global survey, which reveals China has also slipped in the rankings. 06 December 2012
Procurement fraud on the increase, but value fallsIt is clearly under-reported in comparison to our own experiences, said BDO's head of fraud services Simon Bevan. 25 July 2012
Nearly 400 firms blacklisted from tenders in TanzaniaThe African country's procurement regulatory authority has banned 393 firms from bidding for public contracts. 20 July 2012
Law proposed to prevent local authority corruption in NamibiaInstitute of Public Policy Research report provides recommendations to halt public sector sleaze. 29 June 2012
Ex-Innospec boss pleads guilty to briberyPaul Jennings admits two charges of conspiracy to corrupt by making payments to secure contracts. 12 June 2012
More e-procurement could cut corruption in EuropeGreater investment in electronic purchasing would provide greater transparency and reduce the potential for fraud and corruption in public procurement, says Transparency International. 08 June 2012
CFOs would act unethically to win businessSome 15 per cent of CFOs believe making cash payments to win business is acceptable, a worldwide survey has found. 30 May 2012
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
Procurement fraud costs public sector £2.3 billionFraudsters are swindling the taxpayer through double invoicing, kickbacks and rigged bids. 02 April 2012
Procurement fraud costs UK more than £5 millionKPMG's Fraud Barometer finds seven cases of purchasing fraud totalling £5,096,805. 31 January 2012
Four purchasers found guilty in £66m corruption caseSouthwark Crown Court finds four men conspired to receive payments from bidders in exchange for supplying insider information about contracts. 27 January 2012
Supplier fraud in the public sector up by 19 per centBuyers are advised to keep a closer eye on third parties and act when they uncover corruption. 18 January 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

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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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Are people really more desperate, or simply less ashamed?
Research into fraud highlights the recession as a major factor, but a survey into false expense claims reveals alternative motivation.
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.

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Procurement must build trust to get a seat on the board
"We must look at ourselves and say, do people trust procurement? They expect to deal with professionals who exhibit integrity and competence," Edward Siwela, from the Institute of Directors Zimbabwe.
UK procurement fraud to rise in 2013
Procurement and supply chain fraud is expected to increase next year, as the weak economy continues to put people under financial pressure.

FEATURES

Exposure: No bribes please! We're British
ITV1, Wednesday 10 October, 2 stars.
Panorama: Reading, Writing and Rip-Offs
BBC 1, Monday 24 September, 2 stars.

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