KUALA LUMPUR: About 32% of the most impactful fraud suffered by organisations in Malaysia were committed by the senior management, compared with 24% globally, said PwC Consulting Associates (M) Sdn Bhd, citing a recent survey.
PwC Malaysia managing partner Sridharan Nair noted that the figure forms part of the 69% of the most impactful fraud suffered by organisations in Malaysia which were committed by internal fraudsters, versus 52% globally.
“If leaders [of the organisations] don’t set the right tone, this sends the message that such behaviours (bribery and corruption) are acceptable,” he told reporters yesterday at a media briefing in conjunction with the launch of PwC’s 2018 Global Economic Crime and Fraud Survey findings for Malaysia.
He saw the high number of fraud…
