Published Paper Details:

For long, the term Economic Offences is being used with ambiguity particularly while discussing and explaining White Collar Crimes. These offences have a vast ambit with clear and well defined distinction from Traditional Offences and White Collar Crimes. A deeper study can give clear disposition with regard to these offences. The present Paper makes analysis of all the aspects and brings out a distinct definition of Economic Offences. Here, the apparent advantages of a standard definition of Economic Offences have been spelt out followed by the Analytical Evaluation of Different Definitions and Views pertaining to these offences with the help of various works including that of Sutherland, Taft & England, Malimath Committee, Law Commission of India and material from NCRB & Fugitive Economic Offenders Act, 2018. A clear distinction of Economic Offences from White Collar Crime and other Traditional Crimes has been explained through these references. A discussion has been made for understanding New Age Economic Offences resulting from technological advancement. Characteristics of these Offences as derived from different Studies, Works and Court Judgements have been put together apart from analysing their gravity through hidden, deep, far reaching impacts. The observations of Supreme Court of India and different High Courts with regard to Economic Offences while delivering various Judgements have been summarised here. After carefully considering all the points and Characteristics, an appropriate Definition of Economic Offences has been designed and proposed with due honour. In the last, the Arguments in support of this Definition have been presented along with the Scope of this.