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Fraud such as company theft and money laundering are costing Scottish businesses
£1 billion a year, according to accountants KPMG.
The firm's latest Fraud Barometer revealed cases worth £18 million were pursued
through the Scottish courts in 2005, but that this was just a small proportion
of the fraud that has not been prosecuted by the legal system.
Across the UK, the KPMG report found that there was more than £900 million worth
of fraud last year, with 222 cases reaching court compared with 174 the previous
year.
Source:
Credit Control
Journal
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