Procurement fraud has been saved
ME PoV Spring 2014 issue
Should the Middle East be concerned?
Major infrastructure activity is occurring over much of the Middle East with significant construction work being undertaken on behalf of government agencies in areas such as airport terminals, hospitals, port facilities and transport networks. In addition, multi-billion dollar projects are being undertaken in the oil and gas industry. But the incentive to win major contracts can lead individuals and even companies to engage in corrupt and fraudulent behavior. Staff within the procurement or project management divisions of contracting organizations may be exposed to inappropriate inducements such as bribes and corrupt offerings. So how does procurement fraud happen and who should be concerned?