White Collar Crimes: Let’s Discuss

 white-collar crimes are defined as non-violent crimes, generally committed by businessmen and government professionals.

crimes committed by people who acquire important positions in a company are called white-collar crimes. 

Difference between white-collar crime and blue-collar crime

Blue-collar crimes refer to people who work physically, using their hands like robbery.

Whereas white-collar crimes refer to knowledgeable workers, who use their knowledge to commit crimes. white-collar crimes are people at a higher position in a company they have easy, direct, and valid access to their targets.

Common types of white-collar crime in India   

1.   Bank fraud- Bank fraud is a criminal act where a person, by illegal means, withdraws either money or assets from the bank. The fraud can also occur when a person falsely represents himself to be a bank or financial institution and withdraws money or assets from the people

2. Cellular phone fraud- Cellular phone fraud refers to tampering, manipulating or making unauthorized use of cellular phones or services. The offender in this case would make a fake account in your name and get access to your bank account details, credit card details, and make payments without your consent.

 3.   Extortion-. An officer may use his official right and make use of his higher position in the company to threaten another person for giving money or transferring property. 

Implications of white-collar crime in India

The rate at which white-collar crimes are increasing has become a matter of concern globally. Generally, the authorities at higher positions, who have enormous powers, start using it in a wrongful way, then who else will the citizens trust. Despite several movements against white-collar crimes and instituting several rules and regulations. The complicated nature of the method of committing such crimes makes it difficult for the authority to find evidence.

Conclusion

The government must make laws that are strict enough to reduce the commission of such crimes. The media has a key role to play in reducing the rate of increasing white-collar crimes.

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