Corporate Frauds from the Viewpoint of White Color Crimes

  • Shiva Kumar Karnati
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  • Shiva Kumar Karnati

    Student at M.S.S Law College, Hyderabad, India

Abstract

This paper analyzes the issue of Corporate frauds from the viewpoint of White Color Crimes. The examination looks to assess the different causes that are in charge of Corporate Frauds. White Collar Crimes are committed by various Individuals in greed of self-enrichment. But when this crime is conducted collectively by group of people or association in any business, then such crime becomes Corporate Crime. The loss being suffered from other Conventional Crimes such as theft, trespass, burglary, arson, etc. is far less than the loss being suffered from White Collar Crimes. This study deals with the cases of corporate fraud in India and its types. Corporate frauds can have a devastating effect on the business firms in which a fraud has occurred. This paper analyzes the impact on the local, State and National economic conditions based on the size of the business affected by the corporate fraud. The objective of this article is to highlight archetypal challenges in Corporate Fraud and to culminate corporate fraud with the implementation of efficient regulatory and legal systems.

Type

Research Paper

Information

International Journal of Law Managment and Humanities, Volume 4, Issue 3, Page 3265 - 3274

DOI: https://doij.org/10.10000/IJLMH.11853

Creative Commons

This is an Open Access article, distributed under the terms of the Creative Commons Attribution -NonCommercial 4.0 International (CC BY-NC 4.0) (https://creativecommons.org/licenses/by-nc/4.0/), which permits remixing, adapting, and building upon the work for non-commercial use, provided the original work is properly cited.

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