Fraud Intelligence

Self reporting and civil recovery are appealingly pragmatic elements of the new Serious Fraud Office approach but they leave individual suspects more exposed, warns Neill Blundell of Eversheds.

Robert Dougall, former vice-president of DePuy International, a subsidiary of Johnson & Johnson (J&J), been charged has with conspiracy to corrupt in the first criminal prosecution of an executive for overseas corruption brought by the..

Timon Molloy, Editor

It is trite law that contracts made by an agent within the scope of his actual or ostensible authority are binding on the principal, so that the principal’s liability on them is primary and personal. After the case of Alan Lovett [1], it seems that the same principle will apply to contracts in which the agent has forged the signature of his principal. Andrew Keltie and Charles Thomson of Baker & McKenzie analyse this case of ‘corporate identity theft’.

Internal threats from rogue employees are pernicious but tried and tested alert mechanisms offer effective defence as Les Dobie of Grant Thornton describes.

Jeremy Summers, Partner, Russell Jones & Walker (+44 (0) 20 7657 1786, J.Summers@rjw.co.uk, www.rjw.co.uk) © Jeremy Summers December 2009.

Bill Waite is Group Chief Executive Officer, The Risk Advisory Group (+44 (0) 20 7578 0000, Bill.Waite@riskadvisory.net)

A large organisation is likely to run multiple fraud detection tools; the problem lies less in generating alerts, although sifting the genuine from false positives is a challenge, than in how to read across the diverse outputs. Business process..

Andrew Watt is Managing Director, Tax Disputes & Investigations, Alvarez & Marsal Taxand UK, LLP (+ 44 (0) 20 7715 5200, awatt@alvarezandmarsal.com)