22 Jan '12, 11am

Taiwan says China ties have cut fraud by 26%

TAIPEI (AFP) - Taiwan's fraud cases fell 26 per cent in 2010 from the previous year after the island joined hands with China to fight crime, the government said Sunday. A total of 28,494 cases were reported in 2010 involving $6.11 billion Taiwan dollars (S$259 million) in losses, compared with 38,802 cases involving $10.27 billion Taiwan dollars in 2009, according to the latest Taiwan government figures. Nearly 3,000 suspects have been nabbed since the two sides started to cooperate in 2009 to crack down on growing Internet and telephone fraud involving criminals on both sides of the Taiwan Strait, the government said. Taiwan and China have been collaborating in information-sharing, coordinating raids and extraditing criminals to crack down on crimes including fraud, drug smuggling and currency counterfeit.

Full article: http://www.straitstimes.com/BreakingNews/Asia/Story/STISt...

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