White Collar Crimes
White-collar crime is a form of non-violent criminal activity driven by financial gain. People of high social status commonly practise it or occupy a professional or influential position. The term was first used in the 1930s by Edwin Sutherland to refer to offences such as fraud and embezzlement, typically committed by well-respected individuals.
Blue-collar and white-collar crimes differ in the type of activity they involve. Blue-collar crime usually involves more specific offences, such as robbery and burglary, while white-collar crime may involve complex fraud schemes.
In India, common types of white-collar crime include
- Bank fraud
- Bribery
- Cybercrime
- Money laundering
- Tax evasion.
In the medical and health sector, white-collar crime might involve
- Making false medical certificates
- The artificial and intended prolongation of treatments to increase billings
- The discrimination of children based on sex.
In the legal profession, white-collar crimes include
- Fabrication of forged documents
- Violation of ethical standards to gain money.
In education
- Collecting donations in exchange for admission
- The claiming of government grants.
Various legislations have been enacted to combat white-collar crime in India, such as
- The Companies Act of 1960
- The Income Tax Act 1961
- The Indian Penal Code of 1860
- The Commodities Act of 1955
- The Prevention of Corruption Act 1988
- The Negotiable Instrument Act
- The Prevention of Money Laundering Act 2002
- IT Act 2005
- Imports and Exports (Control) Act 1950.
White-collar crimes are serious offences that can have significant consequences. Whether you’re a victim of white-collar crime or facing charges yourself, it’s essential to seek the guidance of a qualified legal professional who can help you navigate the complexities of these cases. We’re committed to providing top-notch legal advice and support to every client. From investigating the facts of the chance to building a strong defence strategy, we’re dedicated to helping our clients achieve the best possible outcome.
If you’re facing charges or believe you may have been a victim of white-collar crime, we encourage you to contact us today to schedule a consultation.