Economic crimes rife in Kenya: Report
26 February 2014, 13:25
Nairobi - A new report has seen the country register a decline in incidences of economic crime but still ranks Kenya negatively in the global rankings.
“The proportion of Kenyan respondents who experienced economic crime since the last survey in 2011 has reduced,” stated the report.
It found that 52 percent of Kenyan respondents in the current survey reported having experienced some form of economic crime, against the previous survey in 2011 where the incidence was higher at 66 percent of respondents in their organizations.
“Although we have seen a decline in the reported economic crime at organizational level the few that actually suffered economic crime had a higher frequency of incidences and what that says is that there was a two-fold increase in terms of organizations that reported having suffered eleven to a hundred incidences over the last two years,” said forensics leader, Muniu Thoiti.
He added that the survey has seen an equally dramatic in terms of organizations that suffered loses between a hundred thousand dollars to five million dollars so 61 per cent of the respondents in the survey reported that the crimes were committed by internal fraudsters.
According to the report there were 124 respondents in Kenya this year compared to 91 in 2011 and 53 in 2009.
Respondents from Kenya accounted for 21 percent of Africa survey respondents and 53 percent for East Africa region.
– CAJ News
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