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One case to blame for much of NZ's fraud cost

Tuesday 04 Dec 2012 12:02p.m.

One case to blame for much of NZ's fraud cost

Fraud in New Zealand rose in the first half of this year according to new research.

The KPMG fraud barometer measures fraud cases going before criminal courts.

Its latest survey has found a single case was responsible for most of the $1.7b value of all fraud cases in the six months to June.

KPMG’s head of forensics, Stephen Bell, spoke to Firstline this morning and revealed the ongoing case of South Canterbury Finance is to blame.

Watch the interview