These are the Fraud Masters in Kenya, Research Reveals

  • An economic crime survey carried out by PricewaterhouseCoopers (PwC) has revealed individuals responsible for committing fraud in Kenyan organizations.

    According to the findings, 70 percent of fraudulent deals in organizations within the country are perpetrated by the internal management.

    The research revealed that supervisors were the most corrupt individuals contributing to 42 percent of all fishy deals in a company.

    They were followed closely by branch and departmental managers at 29 percent, while directors, Chief Executives and managing directors were the least fraudulent, contributing to 24 percent of under the table practices in a company.

    Apart from internal fraud, external fraud was also reported as another vice bringing down Kenyan companies.

    In this category, customers are the most corrupt individuals responsible for 50 percent of the dubious businesses.

    The revelations come at a time when the National Youth Service (NYS) scandal, in which millions were looted is rocking the country causing a political storm.

    This was after an explosive affidavit by former Cabinet Secretary Anne Waiguru, which dragged the names of the Jubilee Government bigwigs into the scam, hit headlines from Tuesday.

    Read also: Jubilee MPs Want Duale and Murkomen Out

     

     

     

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