Financial Crisis Brings Good Business to Fraud Investigators

The economic downturn has brought good business to investigators, as more cost-conscious businesses demanded services to uncover potential fraud committed by business partners and employees, says the South China Morning Post.

 

Quoting Tadashi Kageyama, a senior managing director and head of investigation at Kroll's Asia division, the Post says that "requests by companies for fraud probes has doubled over the past two years as tough times focus attention on losses from illicit activity."

 

In an interview with the newspaper, Kageyama went on to say that "during an economic downturn, executives emphasise costs and operations much more. They check all the details of an operation, which helps identify suspected fraud conducted by staff or business partners."

 


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