White collar crimes in India

White collar crimes are nonviolent crimes performed primarily by businesses and government officials and are related to the corporate sector. White collar crimes are defined as crimes perpetrated by those who hold positions of power in a company.
• It is a crime.
• That is committed by an important person of the company.
• Who enjoys a high social status in the company.
• And has committed it in the course of his profession or occupation.
• There may be a violation of trust.

Corruption, fraud, and bribery are among the most prevalent white collar crimes in India and around the world. According to a report published by the Business Standard on November 22, 2016, titled “The changing dynamics of white collar crime in India,” the Central Bureau of Investigation (CBI) has found a total of 6,533 cases of corruption in the last ten years, with 517 cases registered in the last two years.

In 2014, India was ranked 85th which subsequently improved to 76th position in 2015 because of several measures to tackle white collar crimes. In 2018, as per the report of The Economic Times, India was placed at 78th position, showing an improvement of three points from 2017, out of the list of 180 countries.

India is a developing country, and white collar crime, along with poverty, health, and other factors, is becoming a key contributor to the country’s underdevelopment. White collar crime is on the rise in India, posing a threat to the country’s economic prosperity. These crimes necessitate rapid government intervention, not only in the form of tough laws, but also in guaranteeing their correct implementation.

People also commit white collar crimes to provide for themselves and their families. The most crucial point, though, is that high-status individuals desire to feed their egos.
The reasons behind white collar criminals going unpunished are:
• Legislators and the people implementing the laws belong to the same class to which these occupational criminals belong.
• The police put in less effort in the investigation as they find the process exhausting and hard, and often these baffling searches fail to promise favourable results.
• Laws are such that it only favours occupational criminals.
• The judiciary has always been criticised for its delayed judgement. Sometimes it so happens that by the time court delivers the judgement, the accused has already expired. This makes criminals loose in committing crimes. While white collar crimes are increasing at a faster rate, the judiciary must increase its pace of delivering judgements.

The rate at which white-collar crime is on the rise has become a source of concern around the world. It has been discovered that white collar crimes create far more harm to society than other types of crime. Furthermore, because India is a developing country, an unprecedented rise in white collar crime harms the country’s image while also posing a threat to its economic growth.
Furthermore, not only can white collar crimes bring emotional stress to the victims, but they also cause emotional pain to society as a whole. When a victim is unable to cover the costs of a white collar crime for which he has evidence, society begins to lose faith in the authorities. Who else will the citizens trust if the officials in higher positions, who have vast capabilities, begin to abuse them?

Above all, despite multiple rallies against white collar crime and the enactment of several rules and regulations through enchantments, the government has been unable to help victims of white collar crime. It is tough for authorities to find evidence due to the sophisticated nature of the manner of committing such crimes. As a result, many criminals are free to travel about, and crime has flourished as a result. There is no incentive for criminals to commit crimes that enable them generate easy money.

One of the main reasons for the proliferation of such crimes is that white collar crime receives very little public attention. Frequently, the media and the offenders belong to the same group or social class, with celebrities favouring them rather than exposing their true nature to the public.

Aishwarya Says:

I have always been against Glorifying Over Work and therefore, in the year 2021, I have decided to launch this campaign “Balancing Life”and talk about this wrong practice, that we have been following since last few years. I will be talking to and interviewing around 1 lakh people in the coming 2021 and publish their interview regarding their opinion on glamourising Over Work.

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