Suspicion of employee fraud

Suspicion of employee fraud

Ensors were engaged by a substantial group to investigate a suspicion of employee fraud. While there was initially no suspicious transactions, the company had become aware of criminal proceedings against the employee in relation to a previous employment. 

An investigation of the company financial records was undertaken including sample checks on banking transactions, cash requests and purchase invoices. Within a week, we identified a number of fraudulent transactions in excess of £100,000 and also identified failings in the banks processes in relation to the mandates. Ensors successfully provided evidence to assist in the recovery of monies from both the employee and the bank.