KUALA LUMPUR: Police recorded a total of 7,348 commercial crimes cases involving a total loss of over RM770 million nationwide in the first 12 weeks of this year.
Federal police Commercial Crime Investigation Department (CCID) director Datuk Seri Ramli Mohamed Yoosuf said the statistics from January until March 24 showed there was an increase of 89 per cent in losses as compared to the same period last year.
However, he said the number of cases reported had shown an eight per cent decline compared to 7,the 986 cases last year, with a total loss of RM407,083,651.11.
He said the prosecution rate for commercial crimes had seen an increase of 52 per cent from 43 per cent during the same period last year.
"A total of 3,785 investigation papers were prosecuted between Jan 1 and March 24, compared to 3,463 cases in the same period last year," he told a press conference at Menara KPJ.
