AN ANALYSIS OF WHITE COLLAR CRIMES- (Blog)


Corporate crimes are also called as white- collar crimes which refers to financially motivated, nonviolent crime committed by businesses and government professionals. It was first elucidated by the sociologist Edwin Sutherland in 1939 as “a crime committed by a person of respectability and high social status in the course of their province”.  In the contemporary society there are a lot of crimes happening around us. Some crimes does not require lethal weapons but are associated with various types of sophisticated fraud, this is also known as white collar crimes. All kinds of white collar crimes are taking place in our community nowadays. The most widespread crimes are fraud, fraud with bankruptcies, bribery, computer fraud, credit card fraud, counterfeiting and securities, corporate appropriation of funds, insurance fraud, tax evasion, economic espionage, artificial price bubbles etc.

White collar crimes are very treacherous. It causes great abrasion to the society and country as a whole and ultimately it also targets on every individual. The elimination of this sort of crime is of utmost importance. The state, federal laws and the US constitution has given the authority to the federal government to curb white collar crimes. Thus, it is important to discover suitable social defense resolutions to avert, scent, investigate and prosecute such criminals and curb this increasing menace of white collar crimes without discouraging healthy business growth.

- R. REBECCA VASANTHINI PERCY

THE TAMIL NADU Dr. AMBEDKAR LAW UNIVERSITY, SCHOOL OF EXCELLENCE IN LAW   

                                                  

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