The City of London’s most senior policeman has said that fraud must be made a
police priority as the number of reported cases has rocketed in the last
Mike Bowron, the City of London Police Commissioner said the recession was
bringing frauds that already existed into sharp relief.
‘People as if this is due to the onset of the recession, but we don’t think
it is,’ said Bowron.
‘The recession is identifying fraud that already existed in many cases, but
it may also be causing some fraudsters to move from one type of activity to
‘The pressure is on us now to try and read the economic cycles, to predict
the next type of fraud.’
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Accountancy watchdog the FRC has dropped its investigation into the former chief financial officer of Tesco, nearly two years after the supermarket was engulfed in an accounting scandal
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