Private Sector

Sanjeev Gupta and his entire business empire is now under investigation by the Serious Fraud Office (SFO).

https://www.steeltimesint.com/news/gupta-business-empire-fraud-investigation

SNP ministers are under pressure to provide urgent answers after it emerged the business empire of Liberty Steel owner Sanjeev Gupta is facing an investigation by the Serious Fraud Office.

https://www.heraldscotland.com/news/19303566.snp-pressure-gupta-business-empire-investigated-fraud/?ref=twtrec

A publishing company that was defrauded of over £193,000 as a result of a “whaling” scam has unsuccessfully reclaimed against a decision that its former credit controller was not liable for damages arising from her mistaken payment of the funds to the fraudsters.

https://www.scottishlegal.com/article/publishing-company-defrauded-of-over-193-000-fail-to-appeal-decision-that-ex-employee-was-not-liable-for-damages

Undoubtedly some directors have committed first-party frauds by abusing the government’s financial Covid-19 support packages.

https://www.ftadviser.com/opinion/2021/05/06/how-can-we-tackle-covid-support-fraudsters/

Chartered accountants have an opportunity to respond to the package of reforms relating to fraud, as recommended by the Brydon Review. What do you think of the government’s proposals?

https://www.icaew.com/insights/viewpoints-on-the-news/2021/may-2021/finding-fraud-is-at-the-heart-of-audit-reform

Enquiries revealed there had been 15 refunds to the same debit card made by defendant at her place of work to the total value of £5,150

Suspended sentence for Portadown woman who pocketed over £5,000 from employer through debit card refunds – Armagh I

(Reuters) -Britain's fraud office said on Monday a court had dismissed its plea to adjourn a hearing against two former Serco executives, after the regulator found errors with disclosures it had made in its case related to prisoner-tagging contracts.

https://uk.investing.com/news/stock-market-news/british-fraud-offices-case-against-former-serco-execs-falls-through-2355541

They had fought for 20 years to clear their names in a huge miscarriage of justice. Today, 39 sub-postmasters and mistresses had their convictions for theft and fraud quashed at the Court of Appeal.

Large audit firms that are deemed not to be working hard enough to root out corporate fraud will be blacklisted in this year’s annual shareholder meetings by Pirc.

Blacklist audit firms for fraud failures, urges Pirc - CityAM : CityAM

A judge said the was ‘there was no boundary of dishonesty’ Stephen Day was not prepared to cross.

Accountant jailed over ‘industrial scale dishonesty’ to fund lavish lifestyle | Shropshire Star