White Collar Crime

Dr. Ram Manohar Lohia National Law University · LL.B. Semester 9 · D6

Unit I — Nature and Definition

Nature and scope of White Collar Crime · Meaning and nature of Corporate Crime · Mens rea and vicarious liability · Types of Corporate Crimes · Comparison between White Collar Crime, Corporate Crime and Organized Crime

Unit II — Corporate Crimes

Psychological and socio-economic factors underlying corporate fraud · Corporate Criminal Liability · Nexus of Corporate Crime and Politics · Rational Choice Theory of Corporate Crime · Criminological Theory and Organizational Crime · Judicial attitude towards Corporate Crimes · Instances of Corporate Fraud: o Harshad Mehta Case (Stock Market Scam) o Satyam Scam o Saradha Chit Fund Scam o DHFL- Karvy Fraud

Unit III — White Collar Crime

Conception of White Collar Crimes and Indian approaches to Socio-economic · Crimes · Application of Criminal Justice principles to White Collar Crimes · Privileged class deviance: Official deviance, Police deviance, Professional deviance · Legal and Judicial Response to White Collar Crime and Corporate Crimes and Enforcement · Agencies · Special Acts o Prevention of Corruption Act, 1988 o Prevention of Money Laundering Act, 2002 o Companies Act, 2013 o Foreign Exchange Management Act, 1999 · AR Antulay Case (1988) · Police, CBI, ED, State Anti-corruption Bureau · Central Vigilance Commission · Public Accounts Committee · Ombudsman