Procurement & Supply Chain Fraud

In 2020, a leading fraud survey from PwC found that 47% of UK respondents experienced fraud in the past two years, almost a fifth (19%) of those instances related to procurement fraud.
Litigation Expertise

Our experience of dealing with procurement and supply chain fraud has often found that processes and procedures have been improved on the procurement journey leading to award of work.

However, many failings leading to cases we have dealt with have arisen with respect to compliance and assessment of risk of those supply relationships after a contract or tender is awarded.

Procurement fraud is no longer the focus area of kickbacks for awarding of contracts, it is so much more and requires vigilance and oversight throughout relationships with suppliers.

However, with the demands on cost savings and speed of delivery, it is inevitable fraud will occur in the supply chain, be it due to the number of people involved in the purchasing process.

To find out how we can help please give us a call or email us.

Examples of cases we have assisted our clients resolve are:

  • Dealing with hidden identity and connections between a contractor or agent and the party awarding the work.
  • Overcharging on invoices for supply
  • Falsifying the existence or extent of work provided and charged for (i.e. undersupply)
  • Diversion of payments
  • Non-declaration of direct or indirect conflicts of interest, for example where a change of ownership or management takes place within a supply contractor organisation
  • Sale of goods paid for by a customer to a third party for unauthorised and undeclared profits
  • Collusion to include kickbacks to enable the award of a contract for a supplier

Often when procurement or supply chain fraud is detected, an investigation is required to establish the extent of the concerns and the likely circumstances of what has taken place.

If advice is required to help assess your risk to fraud in your supply chain or if advice is needed if to help gain recovery from loss and on termination of supplier relationships, we can assist in these areas.

To discover more about the world of financial crime and fraud please see our Fraud Hub.

Let’s get you sorted

We understand when dealing with fraud it can often be fast paced and confusing, lonely and worrying. We are a safe place to help you from start to finish.

Contact details

Phone: 0121 796 4020

Email: hello@tenetlaw.co.uk

Fax: 0843 216 4240

Location

Tenet Compliance & Litigation Limited
10th Floor, Lyndon House, 62 Hagley Road, Birmingham, B16 8PE

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