Thomson White Collar Crimes An Indian Perspective by Ravi Singhania Vikas Goel & Abhishek Kumar 1st Edition 2022

Description

📘 Key Highlights of White Collar Crimes: An Indian Perspective (2025 Edition)

1. Understanding White-Collar Crimes in India

• Definition and Scope: Detailed analysis of white-collar crimes, distinguishing them from other types of crime. The focus is on frauds, corruption, and crimes committed by professionals or those in positions of trust.

• Historical Context: Exploration of the evolution of white-collar crimes in India and their impact on the economy and society.

2. Legislative Framework in India

• Indian Penal Code (IPC): Key provisions relating to economic offences, fraud, and corruption.

• Special Laws: Detailed exploration of specialized laws like the Prevention of Corruption Act (PCA), the Prevention of Money Laundering Act (PMLA), the Companies Act, and the Fugitive Economic Offenders Act (FEOA).

• Regulatory Bodies: Analysis of agencies like the Central Bureau of Investigation (CBI), Enforcement Directorate (ED), Securities and Exchange Board of India (SEBI), and the Serious Fraud Investigation Office (SFIO).

3. Corporate and Financial Fraud

• Fraudulent Financial Reporting: A detailed examination of fraudulent accounting practices, financial reporting manipulation, and insider trading.

• Corporate Governance Failures: Discussion on how the lack of strong corporate governance structures can facilitate white-collar crimes like embezzlement, money laundering, and market manipulation.

• Notable Scams: Case studies on major corporate scams in India like the Satyam Scandal, Nirav Modi, and Vijay Mallya fraud cases.

4. The Role of Technology in White-Collar Crimes

• Cyber Frauds: The book covers modern technological crimes like data theft, hacking, and online fraud which have increasingly become a significant part of white-collar crime.

• Crypto Frauds: Exploration of challenges around cryptocurrencies and how they are used in financial frauds.

5. Enforcement and Challenges in Prosecution

• Investigative Process: How white-collar crime investigations unfold, including the roles of various investigative agencies.

• Evidentiary Challenges: Issues related to obtaining and presenting evidence, especially in complex financial crimes.

• International Jurisdiction: The complexities involved in prosecuting white-collar crimes that cross borders, with a focus on extradition treaties and cooperation between nations.

6. Impact of White-Collar Crimes

• Economic Impact: Detailed discussion on the economic consequences of white-collar crimes, including loss of investor trust, market volatility, and economic instability.

• Corporate Ethics and Reputation: How companies deal with the reputational damage caused by involvement in white-collar crimes.

7. Prevention and Control

• Corporate Social Responsibility (CSR): How CSR initiatives can prevent corporate crime by promoting transparency and ethical practices.

• Reforms and Recommendations: The authors propose reforms in India’s legal and regulatory frameworks to improve the prevention and prosecution of white-collar crimes.

8. Landmark Case Studies

• High-Profile Cases: In-depth analysis of major white-collar crime cases in India, such as:

  • Satyam Computers Case

  • Nirav Modi and Punjab National Bank Scam

  • Vijay Mallya’s Kingfisher Airlines Loan Default

  • Saradha Chit Fund Scam

• Judgments and Rulings: Key rulings by the Indian judiciary on white-collar crimes and their impact on the law.

9. Cross-Border Crimes and Global Perspective

• International Cooperation: How global legal frameworks and international agencies like INTERPOL help combat white-collar crimes that span multiple jurisdictions.

• Case Studies: International fraud cases with lessons for Indian regulatory practices, such as the Enron scandal and the Bernie Madoff Ponzi scheme.