Fictitious Billing and Embezzlement by an Employee
First written in FY2024-Q3. 1 of 2 entries say "Materialised", first in FY2024-Q3. Latest entry: FY2024.
Konoike Transport moved to the "Worse" side of this theme in 2024.
0 other companies' latest entry also says "Other".
Not enough years or companies yet to draw the terrain. The sentences above are computed from what exists.
- FY2024Final report received; transition to monitoring recurrence-prevention measuresAnnual report
「The company received the "Final Report" from the Internal Control Investigation Committee.」
The company received the final report of the Internal Control Investigation Committee regarding fraudulent billing and embezzlement. Total identified fraud from the fiscal year ended March 2021 through the fiscal year ended March 2024 was ¥549 million, and the company has transitioned to monitoring of recurrence-prevention measures by the Management Quality Council. - FY2024-Q3MaterialisedAnnual report
「During a tax audit by the Osaka Regional Taxation Bureau, the company became aware of the possibility that an employee had colluded with a business partner to record fictitious outsourced expenses and other items. It immediately established an internal investigation team and conducted an investigation with the assistance of external experts, confirming fraudulent billing and embezzlement by the employee. As a result of the investigation by the Internal Control Investigation Committee, the total amount of fraud identified for the period from fiscal 2020 through fiscal 2023 was ¥549 million.」
Fraudulent billing and embezzlement through collusion between an employee and a business partner were confirmed, with total identified fraud of ¥549 million for fiscal 2020 through fiscal 2023. In the third-quarter results, ¥441 million in cost of sales was reversed and ¥304 million in allowance for doubtful accounts was recorded.