£19m fraud case leads to sharp rise in annual figures

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BEANCOUNTER KPMG says the value of fraud offences in Yorkshire has nearly trebled over the past year.

The Big Four accountancy firm said the total value rose to £36.2m from £13.3m.

The average value rose £1.5m from £530,014.

The sharp increase was blamed on the case of an IT manager in Leeds who committed a £19m fraud against his employers to fund a chronic gambling addiction.

John Foley of PTSG

PTSG’s results are set to be in line with board’s expectations