Analysing Corporate Crime In Context Of White Collar Crime

Debasmita Saha, Xavier Law School, XIM University, Bhubaneswar

ABSTRACT

In the 21st century, criminal activities by corporate entities pose a formidable challenge to the justice system. Influential figures within these corporations exploit them for personal gain, complicating the issue of holding a non-physical entity accountable for criminal behavior. Despite legal recognition, the lack of a tangible body and mind creates a dilemma in imposing criminal liability. These corporate entities engage in a range of offenses, including corruption, forgery, money laundering, and tax evasion, impacting India's economic landscape. While crucial for economic well-being and national development, corporate bodies also present challenges. The freedom of trade and minimal regulation fostering economic growth simultaneously create opportunities for illicit activities within corporate structures. Meanwhile, a separate study delves into the analysis of past crimes in India. Researchers categorize minor offenders as "herbivores," while individuals involved in white-collar crime, spurred by technological advancements and government support, are labelled as "Meat Eaters." This surge in white-collar crime, particularly corruption, permeates various aspects of Indian society. Despite awareness, substantial measures to counteract this threat are lacking. The essay seeks to define white-collar crime, explore its historical development, and propose solutions. In ancient civilizations, the absence of a criminal justice system led to revolutionary principles, while contemporary scientific advancements introduce new forms of guilt like cabin injury.

Keywords: Corporate crime, Corporate criminal liability, White collar crimes, Social wellbeing, Strict liability.