Fraud abroad
21 July 2009 | Jake Kanter
As you will see from our story on fraud abroad, we had a great deal of response from SM readers. Anti-fraud experts are predicting a substantial rise in prosecutions of UK firms involved in corruption abroad.
It follows engineering firm Mabey & Johnson this month becoming the first UK company to be prosecuted for corruption in respect to overseas contracts.
Many buyers said they support the SFO’s action, and some said M&J should be a “blacklisted” supplier.
What do you think of the case? Would you blacklist a supplier found guilty of involvement in corruption?
If you wish to add any additional thoughts to this debate, please click on the comments link below.
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Who then watches the Watchman if those who give aid to developing countries are themselves involved in corrupt practices to mismanage these funds.This company should be punish severely to serve as deterrent to others.
I do welcome such findings and sanction by the SFO and I believe is about time professionalism is built into Pubic Procurement in the African Continent. Bribery imposes a major risk for Public Procurement in view of the fact that Public funds find their way into individual buyers’ pocket.
Emmanuel Otoo, Procurement Officer, Ghana Health Services