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Big rise in business fraud

There has been a major leap in fraud involving businesses.

It rose by 42% in the first half of the year, compared to the same period in 2006, to reach £538 million.

The figures come from the Fraudtrack report by BDO Stoy Hayward, which said the punishments were light for the criminals involved.

VAT-related frauds, such as carousel fraud, were the main growth areas, the BBC reported.

 
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