State the causes and extent of white collar crime in India.
Answers
White Collar Crimes are the crimes committed by a person of high social status and respectability during the course of his occupation. ... These crimes are non-violent crimes committed by business people through deceptive activities who are able to access large amounts of money for the purpose of financial gain.
Types of White Collar Crime In India
· Bank Fraud: To engage in an act or pattern of activity where the purpose is to defraud a bank of funds.
· Blackmail: A demand for money or other consideration under threat to do bodily harm, to injure property, to accuse of a crime, or to expose secrets.
· Bribery: When money, goods, services, information or anything else of value is offered with intent to influence the actions, opinions, or decisions of the taker. You may be charged with bribery whether you offer the bribe or accept it.
· Cellular Phone Fraud: The unauthorized use, tampering, or manipulation of a cellular phone or service. This can be accomplished by either use of a stolen phone,or where an actor signs up for service under false identification or where the actor clones a valid electronic serial number (ESN) by using an ESN reader and reprograms another cellular phone with a valid ESN number.
· Computer fraud: Where computer hackers steal information sources contained on computers such as: bank information, credit cards, and proprietary information.
· Counterfeiting: Occurs when someone copies or imitates an item without having been authorized to do so and passes the copy off for the genuine or original item. Counterfeiting is most often associated with money however can also be associated with designer clothing, handbags and watches.