06 August 2009
The annual report of the Office of Fair Trading (OFT) has shown that the consumer organisation fell victim to an alleged fraud of £250,000.
The report states that the OFT suffered a loss of £97,000 in 2008–09 and £153,000 in 2007–08, made possible by a “control weakness” in the accounts payable department. The OFT also reported that it had made a one-off special payment of over £250,000 in compensation. The annual report also detailed the first criminal prosecution carried out by the OFT.
