Big British business hide 88% of fraud to protect share prices says Met police chief

‘A top police chief has slammed opaque accounting practises of some of Britain’s biggest business, accusing them of concealing the true extent of fraud in the UK in order to protect their reputation and bolster share prices.

Metropolitan police commissioner Sir Bernard Hohan-Howe told envoys from FTSE 100 companies and other firms that by failing to report financial crimes, they were leaving police officers “in the dark about the state of the threat and the methods of attack”.

Speaking at a meeting at the Royal Bank of Scotland headquarters in London last week, Hohan-Howe said it was unacceptable that businesses “only report 12% of crime affecting them”.’

Read more: Big British business hide 88% of fraud to protect share prices says Met police chief