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Corporate fraud on the increase

From Insurance Daily
Monday, 20th June 2011 10:14 am

Company bosses, including chief executives and managing directors, are increasingly committing fraud. According to a global survey from KPMG, board members at divisional, subsidiary and corporate level are currently committing 18% of fraud, up from 11% in 2007. Employees accepting bribes to sign off inflated project costs and supplier/employee collusion leading to overbilling are two [...]

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