86% Of Chinese Companies Hit By Fraud Last Year

Fraud

After reporting yesterday on the rather unsurprising revelation that one of China’s provinces, Liaoning had fabricated its fiscal figures by as much as 20% from 2011 to 2014, today that four out of five Chinese companies have fallen victim to fraud in the past 12 months.

Chinese Province Liaoning Admits Cooking The Books For Five Years

These figures come from a survey conducted by business investigations firm Kroll, which puts out an annual global fraud report. The report compiles the responses of a survey put to corporate executives around the world. The 2016 survey involved 545 senior executives from 86 companies around the world.

86% Of Chinese Companies Hit By Fraud Last Year

A staggering 86% of companies surveyed in China reported...