Credit hire firm says KPMG internal investigation into leaked email and overcharged insurers is 'progressing well'
Credit hire firm Drive Assist says its internal investigation into how insurers were overcharged on hire days is nearing a conclusion.
Chief executive Steve Binch said the investigation should be complete by the end of the month.
The allegations of deliberate overcharging were claimed by a whistleblower, who leaked an email to insurers in which an employee orders a small group of staff to add on two extra hire days to invoices.
Binch has called in foresnic accountants KPMG to look at the evidence.
Binch said: “We are pleased to report that KPMG’s forensic investigation is progressing well. KPMG have verbally reported to our board of directors last week and are in the process of concluding their work and drafting a report. Our directors are pleased with the thorough nature of their work. We expect to see a draft of this report within the next week and should have the finalised report by the end of the month.”
Binch strongly denies allegations of misleading insurers, stressing that the email was sent from a staff member “misunderstanding” a team meeting on hire days and there was no wrongdoing.
It led to just over 1,000 cases where insurers have suffered a financial loss.
He believes the whistleblower has an axe to grind after the staff made a large number of redundancies.
