The UK public sector lost £2.3 billion last year to fraudulent purchasing practices such as bid-rigging, price-fixing, the submission of multiple invoices for the same work and diverted payments.\r
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The Annual Fraud Indicator 2012, published by the National Fraud Authority (NFA), found procurement fraud made up the largest proportion of the overall total lost. It cost central government £1.4 billion and local government £890 million. The report cited false and 'double-invoicing', price fixing, altering payment details and giving kickbacks to determine contract awards as examples of procurement fraud.
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