Fraud in the Gulf - `at alarming levels’ : : Intellisec Articles »

Posted By archer44 8 months, 1 week ago in Business & Finance

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The ongoing investigation into the multi million dollar alleged fraud at Nakheel, part of the state-owned conglomerate Dubai World, in Dubai suggests that the uncovering of large scale corporate frauds in the Gulf may only just be beginning. A recent fraud survey by one of the big four accounting firms indicated that 40% of firms surveyed believed fraud was a major problem, whilst 60% of respondents expect fraud levels to increase over the next two years.