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The Growing Problem of White Collar Crimes in India

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The Growing Problem of White Collar Crimes in India
The Growing Problem of White Collar Crimes in India “The practitioners of evil, the hoarders, the profiteers, the black marketers and speculators are the worst enemies of our society. They have to be dealt with sternly, however well placed important and influential they may be; if we acquiesce in wrongdoing, people will lose faith in us”-
Dr Radhakrishnan
Methodology
The research methodology used for the present research article is traditional Doctrinal research method. As most of the information can be sought form the available literature. So the researcher has chosen doctrinal method as method of research for the present article and has used books, journals, research articles for preparation of the same.
Objectives of the study
The main objectives of the research work is
To study the concept of white collar crime in detail.
To study the impact of white collar crime from Indian perspectives.
To study the impact of white collar crime on Indian economy and its its affect on development activities.

Abstract White collar criminality has become a global phenomenon with the advance of commerce and technology like any other country; India is equally in the grip of white collar criminality. White collar crime in India is flourishing every day in new forms. The Problem if white collar crime is very serious in India. Business communities of this country of large and small merchants are basically dishonest in most. Nowhere in the world businessmen get rich so quickly as they do in India. Harding, profiteering and black marketing of essential commodities by traders has become a chronic problem for the Government. The Santhanam committee Report in its findings gave a vivid picture of white collar crimes committed by persons of respectability such as businessman, industrialist’s contractors and suppliers as also the corrupt public officials. The white collar criminality in the form of violation of foreign exchange rules

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