Published Paper Details:

Abstract: White collar crimes in the corporate sector have emerged as a significant concern worldwide, including in India. This research paper aims to provide a comprehensive analysis of white collar crimes specifically in the corporate sector, with a focus on banking laws in India. The study explores the nature, causes, and consequences of such crimes, while also examining the regulatory framework in place to prevent and address them. The research adopts a multidisciplinary approach, combining legal, economic, and criminological perspectives to investigate the various aspects of white collar crimes in the corporate sector. It draws upon existing literature, case studies, and relevant legal provisions to develop a holistic understanding of the subject matter. The paper begins by defining white collar crimes and outlining their distinctive characteristics, including their non-violent nature and their perpetration by individuals in positions of power within organizations. It then delves into the specific context of the corporate sector, highlighting the vulnerability of the banking industry to such crimes due to its complex and interconnected nature. The study further examines the existing legal framework in India pertaining to white collar crimes in the banking sector, with a particular emphasis on the legislative enactments, regulations, and guidelines governing the prevention, detection, and prosecution of these offenses. The research critically evaluates the effectiveness of these legal provisions and identifies potential gaps and challenges in their implementation. Moreover, the paper analyzes several prominent cases of white collar crimes in the Indian corporate sector, particularly within the banking industry, to illustrate the modus operandi, motives, and consequences of such offenses. It also discusses the impact of white collar crimes on the economy, investors, and public trust in the banking system. Lastly, the research provides recommendations to strengthen the legal framework and enhance regulatory mechanisms to effectively combat white collar crimes in the corporate sector, specifically within the banking industry. These recommendations include measures to improve corporate governance, enhance transparency and accountability, strengthen enforcement agencies, and promote ethical practices in the banking sector. In conclusion, this research aims to contribute to the existing body of knowledge on white collar crimes in the corporate sector, specifically focusing on the banking industry in India. By identifying the challenges and proposing relevant solutions, this study endeavors to assist policymakers, legal practitioners, and regulators in formulating and implementing more effective measures to prevent and address white collar crimes in the corporate sector.