KPMG warns UK corporate fraud could hit a record high this year as the economy grinds to a halt
The latest KPMG Forensic Fraud Barometer reveals more than £1bn in fraud claims reached the UK courts in 2007 – the highest since 1995. Government bodies and agencies were the most popular target of organised, criminal fraud, accounting for £889m of the total.
‘Organised gangs have been more active than ever, with a proliferation in VAT frauds, ID thefts and other forms of white collar crime,’ Hitesh Patel, a KPMG Forensic partner, told The Daily Telegraph.
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