Economic Crimes Have Genrally Dropped From 2018

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Bribery and corruption have been ranked as the top most types of economic crimes in Kenya.

An Economic Crime and Fraud Survey released by PwC today stated that bribery and corruption rose from 30 in 2018 percent to 42 in 2020.

According to the report Procurement and Fraud rose from 34 percent in 2018 to 39 percent in 2020.

Muniu Thoithi of PwC however stated that the general prevalence of economic crimes in Kenya has decreased from 75 percent in 2018 to 58 percent in 2020.

PwC’s Regional Senior Partner in Eastern Africa Mr. Peter Ngahu said that eight in 10 of Kenyans who have suffered economic crime conducted forensic investigations to ensure that the fraudsters are dealt with.

He also pointed out that some organizations are also inviting third parties to their organizations to help deal with economic crimes.

The survey drew insights from perceptions of the 102 economic crime respondents.

 

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