Recent news that a China Mobile executive had been tracked down and detained by the company after going missing with hundreds of millions of yuan and at Magyar Telekom in Hungary that four consulting contracts entered into in 2005 were later found to serve ‘improper objectives’ raises concerns about a little discussed topic - internal fraud. In the China Mobile case, the executive, Li Xiangdong, was based in the southwestern Sichuan province and he was the in charge of China Mobile’s centralized...