IPR violations make up majority of economic crimes in Taiwan

Violations of intellectual property rights (IPR) accounted for the majority of nearly 5,000 economic crimes committed in Taiwan in the first eight months of this year, statistics released by the Ministry of the Interior showed Saturday.

According to the data, 4,959 economic crimes were committed in Taiwan in the first eight months of this year, and the IPR violation cases totaled 3,358, making up 67.6 percent of the total.

The data indicated that all the economic crime cases cost the society about same period last year.

Of the total, IPR violation cases amounted to NT$10.7 billion in lost revenue, making up 62.2 percent of the losses resulting from economic crimes, the statistics showed.

The losses caused by the IPR stealth, however, fell NT$3.4 billion from a year earlier, according to the statistics.

The ministry said that it had increased efforts to crack down on IPR violations during the eight-month period in a bid to protect the interest of IPR owners and consumers.

Among the IPR violations, police solved 1,832 cases in trademark violation which caused a loss of NT$1.43 billion, and broke 1,526 cases in copyrights violation with the loss from the cases amounting to NT$9.31 billion, the ministry added.

In terms of suspects arrested, the numbers also dropped compared to last year. Police arrested 3,783 suspects for alleged violation of IPR in the eight months, down 146 from a year earlier, the ministry said. The suspects arrested for overall economic crimes totaled 6,819, down 1,062 from a year earlier.

Meanwhile, the number of violations of domestic financial rules, such as loan shark ring operations or underground economic activity, in the eight-month period totaled 947, representing 19.1 percent of the total economic crimes, the data showed.

They caused a loss of NT$6.3 billion, making up 36.5 percent of the total losses resulting from economic crimes, the data indicated.

During the eight-month period, police arrested 1,863 suspects for financial rule violation, down 387 from a year earlier, the ministry said.

Source: Focus Taiwan News Channel