COVID-19 AND THE WHITE-COLLAR CRIMES: ANALYZING THE ECONOMIC NOSEDIVE AND THE RISE OF FINANCIAL CRIMES

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Date

2021

Authors

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Publisher

2021 International Young Scholars' Conference

Abstract

Abstract. The term White Collar crimes has been defined by Edwin Hardin Sutherland as “crimes committed by people who enjoy the high social status, great repute, and respectability in their occupation.” Such crimes are primarily influenced by the economic framework prevailing in the nation. The Covid-19 pandemic has brought to world economy at a standstill and two consecutive Covid-19 waves the Indian economy has crumbled into pieces. There has been a constant pressure on achieving business targets wherein even small-scale sales companies have started falsifying accounts, resorted to fraudulent malpractices in order to meet the financial targets. Furthermore, with huge amount to economic packages being rolled out by the government in order to stimulate the economy provides a greater opportunity for the whitecollar criminals to commit any form of financial crime. Furthermore, with increasing travel restrictions and constant closure of the offices, a necessary oversight over the business activities has been become difficult. Pursuant to the same this paper deals with a co-relational study between the Covid-19 Pandemic and increased threat of white-collar crimes in India. The paper concisely relates how factors like economic pressure and requisite opportunity created by the pandemic have become a major path for financial crimes. Furthermore, this paper in order to create a theoretical perspective features different enactments of Indian laws which discuss the discipline of these kinds of crimes. The author will at last close the article with his own ideas and suggestions to curb the growing white-collar crimes.

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Keywords

White collar crime, India, financial crimes, occupation, Economy, Covid-19, Pandemic, 2021 International Young Scholars' Conference, №10

Citation

Aneja A / COVID-19 AND THE WHITE-COLLAR CRIMES: ANALYZING THE ECONOMIC NOSEDIVE AND THE RISE OF FINANCIAL CRIMES / 2021 International Young Scholars' Conference