ESG reporting fraud among latest crimes to hit East Africa

BDESG

More than half of East Africans reported to have experienced economic crimes including sustainability fraud in the last two years. FILE PHOTO | SHUTTERSTOCK

More than half of East Africans reported to have experienced economic crimes including sustainability fraud in the last two years, a new report shows.

The 2022 PwC’s Global Economic Crime and Fraud Survey for Eastern Africa shows that six in 10 respondents (63 percent) have experienced economic crimes such as fraud against four in 10 (46 percent) globally.

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Note: The results are not exact but very close to the actual.