CORPORATE FRAUDS FROM THE VIEWPOINT OF WHITE COLLAR CRIMES
By Shiva Kumar Karnati
This paper analyzes the issue of corporate frauds from the viewpoint of White Color Crimes. The examination looks to assess the different causes that are in charge of Corporate Frauds. White Collar Crimes are committed by various Individuals in greed of self-enrichment. But when this crime is conducted collectively by group of people or association in any business, then such crime becomes Corporate Crime. The loss being suffered from other Conventional Crimes such as theft, trespass, burglary, arson, etc. is far less than the loss being suffered from White Collar Crimes. This study deals with the cases of corporate fraud in India and its types.
Corporate frauds can have a devastating effect on the business firms in which a fraud has occurred. This paper analyzes the impact on the local, State and National economic conditions based on the size of the business affected by the corporate fraud. The objective of this article is to highlight archetypal challenges in Corporate Fraud and to culminate corporate fraud with the implementation of efficient regulatory and legal systems.
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