PwC: Fraud cases actually more than reported


  • Business
  • Thursday, 25 Sep 2003

THE levels of commercial crime in Malaysia can be very much higher than reported as many companies fear reporting fraud perpetrated against them would damage their reputation, a white collar crime investigator revealed. 

Head of the investigations practice at PricewaterhouseCoopers (PwC) Malaysia Chan Yim Fun said that although recent figures had shown that reported commercial crimes had been on the increase, there were more fraud cases that had gone unreported. 

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