Swiss courts ruled on 78 serious cases of economic crime in 2022, ten more than in 2021, according to a study by KPMG consulting firm. The total amount of money involved was CHF581 million ($658 million), CHF14 million more than in 2021, KPMG said on Tuesday. Actual numbers of cases are meanwhile likely to be much higher, since many go unreported, it added. + Read more: when white-collar criminals try to silence the press Public institutions bore the brunt of almost three-quarters of the total damage. According to KPMG, the “high attractiveness” of the public sector for economic crime is due to the level of funds administered, as well as the often complex structure of public institutions, which can lead to weaker internal control systems. As for the increase, one reason given was that “white-collar criminals have found new ways and means of fraudulent activity in the wake of the corona pandemic”. Last year, seven cases were heard in connection with Covid-19 loans issued during...
