Private Sector

Britain’s corruption watchdog closed the curtains on major probes into Rolls-Royce and GlaxoSmithKline (GSK) this morning.

Why do some companies succeed and others fail? Why do some engage in deception and even massive fraud and others stay honest? Do we need regulations to deal with these questions or are shareholders’ market discipline and pressure enough? These are just some of the questions Alexander F. Wagner, Ph.D., is interested in as he tries to discern, via his research, how employees in organizations make their decisions.

https://www.fraud-magazine.com/article.aspx?id=4295004226

Warren Buffett once said that “bad things aren’t obvious when times are good”. It is a statement that rings painfully true in the case of Luke Johnson, who was riding high last year with a £250m fortune, when the bad things – an alleged long-term fraud of Patisserie Valerie accounts – were apparently far from obvious.

http://www.cityam.com/273274/luke-johnson-see-his-reputation-recover

A number of financial scandals has prompted calls for tougher official controls to prevent fraud. Aziz Rahman, of business crime solicitors Rahman Ravelli, outlines why companies need to take steps themselves to reduce the potential for wrongdoing

http://www.thebusinessdesk.com/yorkshire/news/2033680-the-need-to-tackle-workplace-fraud#.XGc-lW8Vdig.twitter

LONDON, Feb 13 (Reuters) - Britain’s BT declined to comment on allegations made by Italian prosecutors that three former senior executives of the telecoms company were aware of fraud at its Italian unit.

https://uk.reuters.com/article/bt-italy-bt-response/bt-declines-to-comment-on-italian-fraud-probe-idUKL5N20861Z

(Bloomberg) -- A U.K. fraud trial of former Barclays (LON:BARC) Plc executives revealed how little some of them thought of the board, and how close they believed then-Chief Executive Officer John Varley was to losing his job as the lender tried to avoid a bailout at the peak of the financial crisis.

https://uk.investing.com/news/stock-market-news/varley-would-walk-the-plankif-barclays-funding-had-failed-1444328?ampMode=1

A SENIOR figure in an organisation funded by Oxfordshire taxpayers is due to stand trial on three counts of fraud.

https://www.bicesteradvertiser.net/news/17420368.oxlep-managers-fraud-trial-due/?ref=twtrec

David Dunckley could have asked for a better start to his term as boss of Grant Thornton.

http://www.cityam.com/272955/grant-thornton-and-fraudian-slip

Failed cake chain Patisserie Valerie have received a number of bids to buy it following its collapse last month.

A FIRM which lost almost £200,000 to online fraudsters is now suing the worker duped by bogus invoices.

https://www.sundaypost.com/fp/duped-sacked-now-sued-firm-demands-108k-from-worker-tricked-by-fraud-gang/?utm_source=twitter