Southeast Asia shown to have high rates of procurement fraud: report

Security firm Kroll have released their annual global fraud report which has highlighted Southeast Asia as a hot spot for procurement fraud.

The report is based on the survey of more than 1,200 executives throughout the world polled in June and July from a broad range of industries.

It found that Southeast Asia in general has high rates of vendor, supplier procurement fraud and management conflict of interest.

Further, 84 per cent of the respondent’s in China were said to be victimised by fraud last year, especially vendor, supplier or procurement fraud.

Read more here.