Private Sector

Lawyers for property mogul Robert Tchenguiz today accused audit firm Grant Thornton of conspiring to persuade the Serious Fraud Office (SFO) to launch an investigation into his business dealings with the Icelandic bank Kaupthing.

http://www.cityam.com/265032/robert-tchenguiz-accuses-grant-thornton-conspiracy-over

A former employee at an HSBC branch has been sentenced to 18 months in jail for handing over confidential details of three customer accounts to criminals, London’s Metropolitan Police said in a statement, resulting in the theft of more than £67,000.

https://uk.reuters.com/article/uk-hsbc-fraud/ex-hsbc-employee-in-jail-over-67000-pounds-customer-accounts-scam-idUKKCN1ME2DK

Businesses of all sizes can’t afford to compromise security and safety, so we’ve gathered advice for business owners and managers across three areas: Business Fraud, Theft, and Violence. 

https://www.hampshire-pcc.gov.uk/crime-prevention/business

The fine is the first issued by the FCA for cyber fraud. It comes amid a heightened focus on informational security following a series of high-profile data breaches at UK multinationals and the introduction of the General Data Protection Regulation (“GDPR”)

https://www.ropesgray.com/en/newsroom/alerts/2018/10/UK-financial-regulator-issues-16-4-million-fine-for-cyber-fraud-and-its-not-even-GDPR

Two former senior executives of Tesco accused of fraud and false accounting at Britain’s biggest retailer are due to face a re-trial this week at a London court.

https://uk.reuters.com/article/britain-tesco-fraud/re-trial-of-former-tesco-executives-accused-of-fraud-to-begin-this-week-idUKL5N1V4512

How can businesses tackle financial crime? The answer doesn’t lie in quick fixes or ‘one-size-fits-all’ solutions.

https://home.kpmg.com/uk/en/home/insights/2018/09/best-behaviour-a-fresh-look-at-financial-crime.html

The UK has two months to act or the case could be referred to the EU’s Court of Justice.

https://www.politico.eu/article/eu-warns-uk-again-to-recoup-e2-7-billion-china-fraud-bill/

US securities regulators have accused Tesla chief executive of fraud, alleging he made false and misleading statements about plans to take the company private in August.

https://www.shropshirestar.com/news/motors/2018/09/28/regulators-accuse-tesla-boss-of-fraud-over-plans-to-take-company-private/

Woman denies conspiring to commit fraud by abuse of her position as an employee of the store in Wrexham Road, Whitchurch.

https://www.shropshirestar.com/news/crime/2018/09/20/co-op-worker-accused-of-defrauding-store-of-40000-with-other-employees/

She faces four charges, two of which were that she participated in a fraudulent business

https://www.propertyindustryeye.com/former-letting-agent-appears-in-court-on-fraud-charges/