White Collar Crime In India

1612 Words7 Pages
NATIONAL ACADEMY OF DIRECT TAXES Post Graduate Diploma in Business Law Paper on: WHITE COLLAR CRIME AND ITS CHANGING DIMENSIONS IN INDIA Submitted by Karthik Dasari Roll No A39 TABLE OF CONTENTS 1. Introduction…………………………………………………3 2. What is white collar crime?...........………………………….3 3. Types of white collar crime…………………………………3 4. White collar crime in India………………………………….4 5. Why increase of white collar crime in India………...……...4 6. Changing Dimensions of White collar crime……………….4 7. Wrong Notions about white collar crime…………………...7 8. Conclusion…………………………………………………..7 9. Bibliography………………………………………………...8 WHITE COLLAR CRIME AND ITS CHANGING DIMENSIONS IN INDIA Introduction With the advancement of technology, science…show more content…
The term white collar crime was first introduced by Prof Edwin H. Sutherland in 1939. He defined white collar crimes as “a crime committed by persons of respectability and high social status in the course of their occupation.” This definition includes crimes committed by corporations and other legal entities. A few examples of white collar crimes are infringement of patents, fraudulent advertisements, providing falsified financial information, concealment of information during a transaction…show more content…
Criminals in such acts also do have a need for control and sense of entitlement. c) Financial gains are the priority. This might not be the case always, peer pressure or company culture also might drive an individual to commit such crimes. CONCLUSION The increase in the rate of white collared crimes shows the poor governance structure in the country results in the decrease of foreign investment. The recent decrease in investment by foreign entities during 2011 when major scams have been unearthed clearly shows the negative impact of corruption and fraud. Indian government should take up immediate steps to improve governance and punish the offenders within a reasonable time frame. These crimes mostly occur because of the unethical practices more often. Private sector and the individuals who are capable of such crimes should be educated so that such crimes can be reduced. Public also should be made aware of such crimes, so that they don’t fall prey to such criminals which can reduce the crime to some extent. Public should come forward to protect the whole society from such greedy people who pursue such unethical practices for their self

More about White Collar Crime In India

Open Document