Kenya among those worst hit by fraud in the world, says study
An ATM. A PricewaterhouseCoopers survey has found that financial services and the consumer and retail sectors are affected globally with a 49 per cent incident rate of economic crime. PHOTO | FILE
The report places the country second on the continent for prevalence of the vice behind South Africa
In 2011 the country recorded the highest level of economic crime among all those surveyed
Kenya is one of the countries that has been worst hit by fraud with a new survey ranking it seventh in the world among those with highest levels of economic crime.
Conducted in 99 countries, the survey by PricewaterhouseCoopers found that economic crime continues to be a major concern for most firms. In Kenya, 52 per cent of surveyed respondents said they had experienced economic crime in one form or another.
