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* payments to contractors E600 000 000

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LITERATURE

STEALING FROM THE COMPANY

* VAT payments and repayments E410 000 000

National Savings

* interest and redemptions f130 000 000

Ministry of Agriculture f60 000 000

Property Service Agency E94 000 000

"STEALING FROM THE COMPANY", National Council for Crime and Delinquency, 411 Hackensack Avenue, Hackensack, NJ 07601.

This eleven page pamphlet gives an interesting overview of internal crime in American companies. It contains many sound recommendations and practical solutions.

FACT

FACT FACT

FACT

FACT

A 1977 Commerce Department publication reports crime within service industries alone cost American business $9.2 billion a year, mostly due to dishonest employees. Bank frauds cost 5 times as much a robberies. Dunn and Bradstreet estimate that upwards of 5% of the bankruptcies or insolvencies that leave creditors unpaid are the direct result of workplace crime. The records of a Washington trucking firm that declared bankruptcy in 1973 disclosed that it suffered about 30% of workplace crime losses. When it collapsed 260 employees lost their jobs, over $400 000 in capital investment was lost and $1.2 million in loans was defaulted. A mid-western rubber manufacturer reports that the majority of disputes between management and labour that are submitted for arbitration are directly related to workplace crime.

The pamphlet underlines the fact that fraud is an international problem.

All reasonable care is taken in the compilation of information for this bulletin. However, the Editor and Publisher do not accept responsibility for any claim for damages, consequential loss, or loss of profit, arising from the use of the information.

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