Fraud costing Scottish business £1bn a year
Cases going through the courts are just tip of the iceberg
Scams such as company theft, money laundering and VAT ‘carousels’ are costing
Scotland £1bn a year, while the total cost of fraud in the UK is estimated at
£14bn, according KPMG.
The firm’s latest Fraud Barometer revealed cases worth £18m were pursued
through the Scottish courts last year, but that this was just a small proportion
of the fraud that has not been prosecuted by the legal system, The
Across the UK, the KPMG barometer revealed that there was more than £900m
worth of fraud in 2005, with 222 cases reaching court compared with 174 in 2004.