• Ms Sudatta Barik

Sociologists and criminologists Edwin Sutherland was the first person to popularise and define the term White Collar crime in 1939. He defined White Collar Crimes as such a crime committed by a person of respectability and high social status in the course of his occupation. He also included big corporations and companies committing crimes under the definition. When a person of high social status and respectability commits a crime during his business it is approximately known as White Collar Crime or Corporate Crimes or Corporate fraud. The citizens of India are in broad arrangements concerned about the basic values and fundamental principles of a socialistic society. After independence, there has a structural change in the Indian society. This change is prominently visible political, social, cultural and economic values in one side and the values and life in another side. Today’s society is more active and accessible than in past society. Peoples have become tech-savvy and money-making machines. Growth of population and industrialization has devalued the basic ethics, morals and value of society. White Collar crimes or Corporate frauds are not new to the society but those crimes are never traced or recorded due to some historical reasons and inadequate stringent legislations. The proverb “King can do no wrong” or “Samrath ko nahi dos gosai” has been accepted for a longer period. Sutherland made a study of 70 big corporations and he found that all the big and large companies are considered as white-collar criminal under the definition of Sutherland . In India, Santhanam Committee reported the licenses of the value of 70 million rupees were obtained wrongfully or wrongly fully utilized by 700 firms from the year 1958 to 1962 by committing forgery, fraud, violating export and import regulations, etc. In other words, White Collar criminal or criminal committing corporate frauds are from the upper class (economically) position in the society but tax evasion can be committed by lower strata category which also included under White Collar Crime.

INVESTIGATION AND PREVENTION OF CORPORATE FRAUDS IN INDIA

"INVESTIGATION AND PREVENTION OF CORPORATE FRAUDS IN INDIA", International Journal of Emerging Technologies and Innovative Research (www.jetir.org), ISSN:2349-5162, Vol.7, Issue 6, page no.212-220, June-2020, Available :http://www.jetir.org/papers/JETIR2006035.pdf

"INVESTIGATION AND PREVENTION OF CORPORATE FRAUDS IN INDIA", International Journal of Emerging Technologies and Innovative Research (www.jetir.org | UGC and issn Approved), ISSN:2349-5162, Vol.7, Issue 6, page no. pp212-220, June-2020, Available at : http://www.jetir.org/papers/JETIR2006035.pdf