THE SHADOW ECONOMY: UNVEILING THE WHITE-COLLAR CRIMES IN INDIAN LEGAL SYSTEM WITH A CRITICAL ANALYSIS

This research provides a concise overview of white-collar crimes in India, exploring the historical background of the recent scams related to white-collar crime in India and with the significant reports and the case laws. The legal framework in the conduct of white-collar crimes lacks a rigid structure. When the world encountered business and technological development the presence of white-collar crimes rapidly increased, and to restrain it a strong structure of law was imposed.

This paper examines the causing factors of white-collar crime in our society which includes the influences, of economic, financial, and political. And also explores the various types of white-collar crime in our society. The conclusion of various reports in the analysis of white-collar crime in the cases made a significant change in some aspects of the law. The stringent law to curb the conduct of crime in the economy has a heinous adverse effect on the nation’s economy.

And discusses the practice of misconduct of financial crimes by the higher classes and the professional scams that take place. This research paper concludes with an analysis of the white-collar scams in India by providing an overview of the conduct of white-collar crime with a significant case analysis. In summary, this research paper provides a valuable resource for researchers and legal practitioners seeking to understand white-collar crimes and the conduct of white-collar crimes related to the structural legal system of India.