Magazine article Public Finance

Cases of Fraud and Error Fall but Losses Rise

Magazine article Public Finance

Cases of Fraud and Error Fall but Losses Rise

Article excerpt

Losses from internal fraud and theft in Whitehall increased from £3.9m to over £4m in the past financial year despite a fall in the number of reported cases, a Treasury report has said.

The Fraud Report 2O07/08: an analysis of reported fraud in government departments, said the number of reported cases had decreased from 1,067 in 2006/07 to 761, with the main falls occurring in theft of assets and personnel management related fraud.

Payment fraud - where false payments are created or payments diverted - amounted to over £2.9m. There was a slight increase in the value of Government Procurement Card and credit card fraud, mainly attributed to misuse of a card by a senior manager, which cost almost £78,000 over four years.

The report, based on data collected from 47 public bodies by the assurance, control and risk team at the Treasury, said the largest payment fraud amounted to £lm. …

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