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Wednesday, November 30, 2005

Corporate crime costs dearly

Corporate crime costs dearly :

"In Australia, 63 per cent of businesses reported they had detected fraud, up 16 percentage points from 2003, while globally the reporting of such crime increased from 37 to 45 per cent of all businesses surveyed."

South Africa has an 83% detection rate. Our offenders seem to be males in their 40s with a high school education as opposed to the world wide trend of the younger ,better educated offenders. Tends to be misappropriation of funds or equipment and false pretences. So...is this normal? Have we always been like this is businesses and what happened to honesty being the best policy? Where's the role modelling coming from?

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