In law, fraud is intentional deception to deprive a victim of a legal right or to gain from a victim unlawfully or unfairly. Fraud can violate civil law (e.g., a fraud victim may sue the fraud perpetrator to thwart the fraud or recover monetary compensation) or criminal law (e.g., a fraud perpetrator may be prosecuted and imprisoned by governmental authorities), or it may be an element of another civil or criminal wrong despite itself causing no loss of money, property, or legal right. The purpose of fraud may be monetary gain or other benefits, such as obtaining a passport, travel document, or driver's licence. In cases of mortgage fraud, the perpetrator attempts to qualify for a mortgage by way of false statements.
PricewaterhouseCoopers (PwC) firms in Kenya, Rwanda, and Mauritius were found guilty of collussion and fraudulent conduct, and the World Bank banned them from taking part in bank-funded projects for 21 months.
The World Bank accused PwC Associates in Mauritius, PwC Kenya, and PwC Rwanda in a...
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