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Information theft Asia's biggest fear: New Fraud Report

Ross O. Storey | Sept. 16, 2008
Widespread fraud growing in world's manufacturing hub

Sharon McCarthy, Kroll's associate managing director in Hong Kong, said Asia as the manufacturing hub of the world and procurement fraud was unfortunately a common problem.

Procurement personnel in Asia operate independently, are responsible for spending large amounts of money and are usually responsible for inventory safekeeping, McCarthy said. There is a large amount of trust placed upon them and the opportunity to make some extra money by illegal means is often too much of a temptation."

 

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