Private Sector

Nine in 10 farmers have been paid their Basic Payment Scheme (BPS) money but the NFU has warned recipients to be vigilant as fraudsters target the industry.

Two former executives at the private security company Serco have been charged over an alleged scandal involving the electronic tagging of criminals.

Hewlett-Packard (HP) today accused British businessman Mike Lynch of lying to the High Court when he gave evidence in his $5.1bn (£3.9bn) Autonomy fraud trial.

https://www.cityam.com/hp-accuses-autonomy-boss-mike-lynch-of-lying-in-5bn-fraud-trial/

LONDON (Reuters) - Britain’s Serious Fraud Office (SFO) has told road fuel supplier Greenergy that it and its employees are no longer suspects in an investigation into biodiesel trading at the firm, the company said on Wednesday.

https://uk.reuters.com/article/uk-greenergy-probe/investigation-into-biodiesel-firm-greenergy-dropped-uk-fraud-office-idUKKBN1YF1JB

British businessman Mike Lynch will face renewed scrutiny tomorrow as Hewlett-Packard kicks off its closing submissions in a $5.1bn fraud trial centred on its acquisition of software firm Autonomy.

https://www.cityam.com/mike-lynch-5bn-fraud-trial-enters-final-stages/

Her life was turned inside out after the sub-postmistress was accused by the Post Office of taking £36,000 from the village shop she ran in Hampshire.

https://www.bbc.co.uk/news/business-50741916

Eight employees of Samsung affiliates have been found guilty of destroying evidence by a South Korean court, in a case linked to allegations of a $3.9bn accounting fraud suspected to be part of a plot to cement the control of the company’s founding family.

https://www.cityam.com/samsung-executives-jailed-over-destruction-of-evidence-in-fraud-case/

A Pendragon accounts assistant whose £250,000 fraud was discovered while she was on maternity leave has been jailed.

When it comes to identity theft and other financial fraud, the perpetrator is sometimes close to home.

The Court of Appeal in Group Seven Limited v. Notable Services LLP [2019] EWCA Civ 614 has agreed with the High Court decision to find a bank vicariously liable for the wrongdoing of its employee.

https://www.dentons.com/en/insights/newsletters/2019/december/4/bank-notes/bank-notes-winter-2019/bank-liable-for-employees-fraud-on-basis-of-principle-of-social-justice