Times of Oman

Drug-related crime came second

-

Regarding the writing of bad cheques, Mobin Khan, a Muscat based chartered accountant, told the Time of Oman, “Most people fall prey to bounced cheques, as they write these cheques for car instalment­s, as well as other personal things.

The reason is that the employer they are working for may not be able to pay salaries due to the recent economic downturn.

It might be that the employer, himself, faces difficulti­es.

“I don’t see it as a problem in 2018 or beyond, as the economy is recovering. It will be a thing of the past,” he added.

The number of cheques that bounced in 2016 in Oman reached 373,082, up from 282,209 in 2015 and representi­ng a 32 per cent increase, a Central Bank of Oman report revealed.

Also, the total number of cheques which were subject to the cheque clearing process in 2016 increased by 8.81 per cent compared to last year, amounting to 4.44 million cheques.

According to the Central Bank of Oman, insufficie­nt funds continue to lead the list of reasons for bounced cheques (74.88 per cent), followed by accounts that have been closed or “legally blocked” accounts (9.79 per cent), and bank encoding errors (4.05 per cent).

Also, as a percentage of total cheques, bounced cheques saw an increase from 6.91 per cent in 2015 to 8.40 per cent in 2016.

Drug-related crimes followed bounced cheques as the second most common crime.

This was followed by 2,272 cases of theft; 1,993 “insult to dignity” cases; 1,808 cases of labour laws being violated and 1,350 cases of traffic violations.

Arrests violating consumer protection laws reached 1,298, while there was a spike in crimes of abuse against minors, as the number rose to 1,111.

Illegally entering the country was another crime that was on the rise, as 1,049 incidents were recorded.

Newspapers in English

Newspapers from Oman