CORPO

WHITE RATE
-COLL CRIME
A R CR ,
& O RG IM E
AN I Z E
D
PRESE
NTED
CRIME
BY: .
RU S H
IKA K
JU H I A
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AGRA DHI-A020
NAND WAL-
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 ● Crimes committed in the
course of working
procedures in any organisa
tion.
● Often referred to

T
as QUIET ACTS as you

C OR PO R A do not know whom to blam

not realise you are the vict
● It is used to harm
e and you do
im.
or benefit a company

EC RI M E using unhealthy practices

laundering, misuse of asse
etc.
like money
ts, tax evasions
SLIDESMANIA

https://www.assignmentpoint.com/arts/la
w/corporate-crime-definition.html
 W H O A R E T H E
CORPORATE
C R I M I N A
o n
L
b
S
eh a
?
lf of the
 Employe es th a t a c t
corporation.
livelihood.
 Crime is their sole
p e op le d o n o t v ie w their doings
 Su c h
rim e b u t a s a p a rt o f their usual
as a c
business activities.
e o n e s w h o g e t aw a y with it
 Th
n tin u e e x erc is in g their power
co
without any fear.
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 WHAT CAUSES CORPORATE
CRIMES?
1. Lack of Accountability

2. Greed

3. An Opportunity

4. No peer support

5. Staying in Continuous Competition

6. Lack of Reporting
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7. Loopholes in the structure

https://calr.in/corporate-crimes-an-analysis/
 ● ON THE COMP
ANY:

S
Can be a perpetrator or a

C T
victim, reduces the

EFF E goodwill, increases the ch

● ON THE BUSINESS PA
ances of bankruptcy.

OF
RTNERS AND
EMPLOYEES:
They are left without rece
ivables, all activities

O R PO RA T come to a halt, loss of trus

t among investors.

C ● ON THE STATE
& GOVERNMENT:

EC R I M E Lack of regular tax, no q

investments, leads to inst
economy.
uality long term
ability in growth of
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 TYPES OF CORPORATE
 CORPORATE VIOLENCE
CRIME
• Violence against workers
• Violence against customers
• Corporate pollution

 ECONOMIC CORPORATE
CRIMES
• Price Fixing
• False Advertising
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https://bankofinfo.com/types-of-corporate-crime/
 ● Fast developing countries are the

CORPORAT prime victims due to increasing

industries and technology.
● Major havoc found recently is
E CRIME IN the disappearance of several
companies.

INDIA ● Even big government bodies like

SEBI, RBI have not been able to
trace the vanished companies.
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https://www.snapdeal.com/product/statecorporate-crime/619664158336
 T O S TOP
I V ES
INITIAT IM E
THE C R
y th e e ta ken b
re s a r
S ev e r a l measu e t he c o m pany
●
n t to i n v e stigat
governme
ai r s . t he t o p a nd
af f l d to n e a t
s s h o u
ation
● Organiz n v i r o n m ent.
t e a n d e t hical e al C o n trol.
c r e a ble Int e r n
s a n d r e l i a h er staff.
c t r u le a n d o t
● Stri e m p l oyees
g u la r c h e ck o n
e ry p r a c tices to
● Re n a n d a n ti-brib
A n t i- c o rruptio
●
d.
b e a d op t e
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https://indianlawportal.co.in/white-collar-crimes-in-india/
SLIDESMANIA
 WHITE COLLAR
CRIME
• Edwin Hardin Sutherland in 1939 defined white
collar crimes as “crimes committed by people who
enjoy the high social status, great repute, and
respectability in their occupation”.
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 TYP ES O F
W H I TE
A R C R I M E
COL L
● Fraud

● Theft
i o l at i o n o f
●V
t u t o r y l a w
sta
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https://www.livemint.com/Companies/Ls0kNvx9bsfbuqBxDb5T2M/Whitecollar-c
rime-sees-substantial-increase-KPMG-survey.html
 FRAUD
es o f F rau d:
Typ

o m p u te r f raud
C
a lt h c a re f raud
 He
re d it c a r d fraud
 C
fraud
Insurance
v e r n m e n t f r au d
 Go
F in a n cia l f raud

fraud
Securities
ting
Counterfei
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https://cdn2.vectorstock.com/i/1000x1000/04/66/how-to-combat-credit-card-fraud-text-
background-vector-12650466.jpg
 Theft
z z l em e n t o r
Embe of
r o p r i ati o n
Misapp
Property

 Bl ack mai l
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https://mpng.subpng.com/20181207/xvl/kisspng-embezzlement-will-and-testament-lawyer-conservator-
5c0a0b34a7e545.4003527915441621006877.jpg
 la t io n o f
Vio
u to r y L a w
Stat

l la w viola tions
e n ta
Environm
n
Tax evasio
Kickbacks
n s ider tr a d ing
 I
Bribery
n e y la u n d ering
Mo
ub lic c o rr u ption
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P
https://akm-img-a-
in.tosshub.com/businesstoday/images/story/202003/sebi_insider_660_290320120655.jpg?
size=1200:675
 WHITE COLLAR CRIME IN
OTHER PROFESSIONS
 Medical profession 
• Medical practitioners do not have license to practice medical profession
• Doctors treating the patient had turn out to be a fake doctor

 Legal profession
• presenting false evidence, fake witnesses in the court.
• Manipulating evidences and faking witnesses.

 Engineering profession
• involved in malpractices like providing substandard works and materials
• not maintaining the records or maintaining bogus records.

 Education
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• false practices like using fictitious documents to and fake details in order to obtain grants from the
government to run their institutions.
 T S O F
EFFEC
W H IT E -
C R IM E
C OL L AR
e C o m p a n y
1. On t h
e e m p l o y e es
2. On th
On t h e s o ci et y
3.
t h e o ff e n d er s
4. On e n t of
e m pe r a m
5. On the t
e n t a l p e rs on
m
f c o n f i de n ce
6. Loss o
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https://www.assignmentpoint.com/arts/la
w/corporate-crime-definition.html
 O N S F O R
RE A S
R E AS IN G
IN C
C O L L A R
WHIT E
C R IM E S
eed
 Gr o l ong
w i ft a n d p r
 Ea s y, s
effect
o m pe t i t i on
 C e n t la ws
ck o f s t ri n g
 La ss
f a w ar e n e
 Lack o
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https://www.linkedin.com/pulse/white-collar-
crime-india-rakesh-singh-bhadoriya/
 STATISTICS OF WHITE
COLLAR CRIMES IN INDIA
• A report published in November, 2016 states that there have been a total of
6533 cases of which 517 cases were recorded in just 2 years.

• 4000 crores worth of trading is carried out using duplicate PAN cards.

• Maharashtra has recorded the maximum cases.

• Over 3.2 million people have suffered losses because of their cards getting
stolen.
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SLIDESMANIA

https://www.livemint.com/news/india/eight-states-accounted-for-bulk
https://blog.ipleaders.in/white-collar-crimes/#White_collar_crime_in_other_professions  -of-economic-crimes-in-india-11571741063964.html
https://images.app.goo.gl/QcmxwiKZ1pGR54Lg6  
 MEASURES
TO CURB • Central Vigilance Commission should
monitor and cross check activities of
WHITE •
officials in key position.
Training of the investigating officials

COLLAR •
should be advanced.
Fast track courts and tribunals should be
established to expedite resolution of these

CRIME •
matters.
Electronic and print media should be
employed in proper way to create
awareness about white collar crime.
• Government may establish a separate
body which would examine the matter.
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https://www.thedrum.com/opinion/2019/07/16/fraud-
protection-tips-marketers-south-east-asia
 A CASE STUDY ON INSIDER
TRADING
● Ace investor Rakesh ● It was alleged that Utpal Seth and Rakesh Jhunjhunwala were in possession of
Jhunjhunwala, his wife the unpublished price sensitive information (UPSI) related to Aptech foraying
Rekha Jhunjhunwala, and into preschool segment and communicated the same to other applicants. 
eight other individuals on
19th August 2021, settled a
case related to insider
trading in the shares of
Aptech Ltd after paying
more than ₹37 crore.
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https://www.business-standard.com/article/markets/rakesh-jhunjhunwala-wife-settle-aptech-insider-
trading-case-with-sebi-121071401314_1.html
 1. HARSHAD 2. WHICH
MEHTA WAS COMMITTEE WAS
CHARGED WITH FORMED TO
HOW MANY INVESTIGATE THE
CRIMINAL SCAM?
OFFENSES?
A. Janakiraman Committee
B. National Committee
A. 89 C. Malhotra Committee
B. 72 D. Joint Committee
C. 76
D. 65
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Answer- Janakiraman
Answer- 76 Committee
 3. WHAT WAS THE 4. WHICH BANK WAS
APPROXIMATE INVOLVED IN THE
MAGNITUDE OF SCAM?
SCAM AS PER
RBI? A. BANK OF BARODA
B. KARNATAKA BANK
A. 4000 CR C. FEDERAL BANK
B. 5000 CR D. STATE BANK OF
C. 4500 CR INDIA
D. 7000 CR
Answer- State Bank Of
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Answer- 5000 CR India

 RGAN I S E
O
S
● An enterprise, gang

D CRI M E or
organisation formed by cr
to conduct illegal activitie
iminals
s.
● They corrupt publi
c officials to
avert governmental interf
erence.
● The money and po
wer generated
are used for other related
activities.
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https://www.alamy.com/stock-photo/organized-crime.html
 ORGANISATIONAL STRUCTURE
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https://www.slideshare.net/avinash.rajput166/organized-crime-30380036 
 T E R S TIC
C HA R A C
G A N IS E D
S OF O R
C R I M E S
it y
● Continu t u re
t e s t r u c
● Corpora h o rity
z e d a u t
● Centrali
Te a m w ork
●
r i m i n a l i ty
● C
● Planning
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 ACTIVITIES OF
ORGANISED CRIMES
● Drug Abuse and Drug
Trafficking
● Smuggling
● Terrorism
● Contract killing
● Kidnapping for Ransom
● Prostitution
● Illegal Immigration
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https://epthinktank.eu/2012/08/29/organised-crime-in-the-western-balkans/
 TYPES OF
ORGANISED CRIME
• Gang Criminality
• Racketeering
• Syndicated crime
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https://theblacksea.eu/stories/expat-romanians-their-own-worst-enemy/
 PROFILES OF SOME ORGANISED
CRIMINALS IN INDIA
Dawood Gang:
• The most powerful criminal gang currently
in India.
• Has network country wide and connections
in abroad as well.
https://www.mid-day.com/mumbai/mumbai-news/article/Coffee-with-D-makers-of-film-
threats-Dawood-Ibrahim-gang-Sunil-Grover-underworld-Bollywood-news-17879169

Arun Gawli Gang:

• Former gangster and criminal turned
politician.
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• Mainly involved in contract killing.

https://sociofreak.com/arun-gawli-wiki-
daddy-wiki-arun-gawli-son-wife-daddy-
 PROBLEMS
IN ● Inadequate Legal
Structure
CONTROL ● Difficulties in
obtaining proof
EFFORTS ● Lack of resources and
training
● Lack of co-ordination
● Dual criminality
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https://www.cdacollaborative.org/blog/biggest-paradigm-
error-tackling-corruption-not-dealing-organized-crime/
 H AT C A N
W
D O N E T O
BE
P T H E S E
STO
R O W I N G
G
G A N I S ED
OR
CRIM E S ?
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 BIBLIOGRAPHY
1. https://quizizz.com/admin/quiz/602b6e9e5f6944001b78683b/harshad-mehta-scam#
2. http://www.legalservicesindia.com/article/1290/Organized-Crime-In-India.html
3. https://obamawhitehouse.archives.gov/administration/eop/nsc/transnational-crime/strategy
4. https://www.slideshare.net/avinash.rajput166/organized-crime-30380036
5. https://blog.ipleaders.in/white-collar-crimes/#Implications_of_white_collar_crime_in_India
6. https://www.sociologygroup.com/corporate-crimes-definition/
7. https://www.livemint.com/news/india/rakesh-jhunjhunwala-wife-rekha-others-settle-aptech-insider-trading
-case-with-sebi-pay-rs-37-cr-11626329290834.html
8. https://www.youtube.com/watch?v=vp-xRG9prhk
9. https://www.criminology.com/corporate-criminals/
10. BOOK- FOUNDATION COURSE- IV ETHICS AND GOVERNANCE by PRATIBHA PAI &
PRAJAKTA PARANJAPE
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 K
THAN
YOU!
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