UK corporations lost £960m to publicly reported fraud in the half year to June 30, the highest six-month total since at least 2003, when BDO Stoy Hayward began tracking corporate fraud. There were 182 cases with combined losses of £960m reported to authorities by end-June, compared with 121 cases and losses of £705m the previous year. At this rate, UK companies are on track to surpass the record for annual losses of £1.37bn set in 2006.

This entry was posted by Gwen Robinson on Thursday, July 2nd, 2009 at 4:47 and is filed under Capital markets. Edit this entry.