Private Sector

A former estate agent who planned to have a national network of branches has been jailed for nine years after committing fraud worth almost £10m.

http://www.propertyindustryeye.com/ex-estate-agent-who-planned-national-network-jailed-for-nine-years-after-10m-fraud/

Volkswagen is heading to London’s High Court on Tuesday to defend itself against nearly 60,000 car owners seeking relief from emissions fraud in what lawyers call “the biggest consumer class action in England and Wales in history.”

https://www.ft.com/content/681a49f4-3048-11e8-ac48-10c6fdc22f03

The UK government is consulting on further reforms to the corporate governance and corporate insolvency frameworks, designed to target "irresponsible" behaviour by companies and their directors when a business is in or is approaching financial difficulty

https://www.out-law.com/en/articles/2018/march/corporate-governance-irresponsible-directors-uk/

The Ministry of Defence continues to develop a joint initiative with industry aimed at raising the security posture throughout the UK’s defence supply chain, with increasing focus on SMEs

http://www.computerweekly.com/news/252437284/MoD-to-focus-on-SMEs-to-raise-supply-chain-cyber-security

A manager whose job required him to assess whether paramedics were qualified to drive ambulances has been jailed for three years after his own advanced driving certificates were found to be falsified.

https://www.cps.gov.uk/south-east/news/ambulance-driving-assessor-jailed-after-falsifying-his-own-driving-certificates

Research finds 75 percent of organisations were targeted at least once by email fraud, in the last two years and 41 percent said their business had been targeted multiple times.

https://www.scmagazineuk.com/three-quarters-of-businesses-targetted-at-least-once-by-email-fraud/article/752778/

The three former Tesco directors charged with fraud and false accounting by the Serious Fraud Office (SFO) may have to wait until September to have their trial reheard

http://www.cityam.com/282772/serious-fraud-office-retrial-former-tesco-executives-could

Recent research has found that half of all UK companies may have been affected by fraud or other economic crime in the past two years.

http://www.mondaq.com/uk/x/683422/White+Collar+Crime+Fraud/How+To+Prevent+Workplace+Fraud

Carlisle Crown Court heard he used a pre-paid card to fake refunds to himself in escalating amounts to the tune of almost £9,500.

https://www.cumbriacrack.com/2018/03/06/lakes-hotel-manager-sentenced-9500-fraud/

The company revealed on February 1 that an investigation by KPMG and Deloitte found it had overstated its 2016 profits by up to £3.7m because rebates from suppliers were booked incorrectly, “in some cases intentionally”.

https://www.telegraph.co.uk/business/2018/03/09/sig-sacks-number-staff-accounting-irregularities/