No recovery from Covid-19 if corruption is not addressed
White-collar crime, as well as public-sector fraud, is likely to increase after the pandemic, and will require forensic investigation
With numerous sectors experiencing financial distress and companies and individuals facing the increased likelihood of insolvency as a result of the economic disruption caused by Covid-19, forensic practitioners will play a key role in supporting SA’s economic recovery.
Before the lockdown, the country faced huge demand for the services of skilled and competent forensic practitioners — those with the technology, legal and accounting skills, and capabilities to conduct large and complex forensic investigations — to build cases against those who have misappropriated fund in both the private and public sector. As the headlines in the daily news attest, economic crimes hit record highs in 2019, with fraud, misappropriation of assets and cyber-crime costing the state and SA economy billions of rand in lost revenues...
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