White Collar Crime
AK Legal Mantra regularly assists domestic and international clients in matters related to compliance with the Corrupt Practices, Briber and the extant antibribery laws in India. The Firm’s team of experienced lawyers, has specifically worked with organizations faced with allegations of improper payments, those under investigation relating to corrupt practices and those looking to bolster their Ethics & Compliance programs.
We regularly provide advice on taking preventive steps to deal with the complex regulatory regimes, development of compliance programs, training of appropriate personnel and implementation of procedures to ensure that personnel worldwide adhere to applicable anti-bribery laws of India.
The reason why business executive wear white shirts and ties because it give rise to term ‘white – collar crime’. White collar crime is when group of people or a person break the law while engaging in a legal business venture or occupation.
Introduction
White collar crimes are crime which are committed by mens of high class society during their business or occupation. White collar crime is an illegal act done in order to obtain wrongful Gain or to avoid payment of legal or formal dues, or retain money or property.
Meaning of White Collar Crimes
According to Professor Sutherland, “when a person of respectability and high social status in course of his legitimate occupation commits an act which is approximately a crime, it is a White Collar Crime”. But afterwards he modified his own definition and gave a new definition as “A person of upper Socio-economic class who violates the criminal law in course of occupational or professional activities.”
Classification of White Collar Crimes
1. Fraud and Embezzlement: If you have been involved in a crime such as fraud or embezzlement, we can help you as best we can to try to understand your legal options and report the crime to the authorities.
2. Securities Fraud: Investing in the market comes with risks, but these methods do not involve deliberate fraud. If, by chance, you feel that security funds are being defrauded, we will investigate and fully cooperate with you in taking legal action.
3. Bribery and Corruption: Corruption is something that affects the entire society. If you have information about any kind of corruption or bribery, we can also guide you in filing a report and protecting your rights as a whistleblower.
4. Money laundering: It is a much bigger crime to keep illegal money. If you have been included in the business money laundering investigation and you have nothing to do with money laundering, then we can guide you and also protect your overall wealth.
5. Corporate Misconduct: It is the responsibility of the corporation to conduct its work ethically. If you suspect misconduct in any organization around you, we will guide you in reporting it responsibly.
6. Insider trading: Running a business on confidential information is considered illegal. If you are accused of running the initial business, then we will examine all the suspects and build a strong defense strategy.
If you are facing allegations or suspecting white-collar crime, then don’t hesitate to seek Ak Legal Mantra’s legal counsel.
