86% Of Chinese Companies Hit By Fraud Last Year

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Rupert Hargreaves
Published on
Updated on

Fraud After reporting yesterday on the rather unsurprising revelation that one of China’s provinces, Liaoning had fabricated its fiscal figures by as much as 20% from 2011 to 2014, today that four out of five Chinese companies have fallen victim to fraud in the past 12 months. Chinese Province Liaoning Admits Cooking The Books For Five Years These figures come from a survey conducted by business investigations firm Kroll, which puts out an annual global fraud report. The report compiles the responses of a survey put to corporate executives around the world. The 2016 survey involved 545 senior executives from…

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Sign up now and get our in-depth FREE e-books on famous investors like Klarman, Dalio, Schloss, Munger Rupert is a committed value investor and regularly writes and invests following the principles set out by Benjamin Graham. He is the editor and co-owner of Hidden Value Stocks, a quarterly investment newsletter aimed at institutional investors. Rupert owns shares in Berkshire Hathaway. Rupert holds qualifications from the Chartered Institute For Securities & Investment and the CFA Society of the UK. Rupert covers everything value investing for ValueWalk