Corporate crimes: The need for a corporate penal code
Author(s): Dr. Gyanendra Kumar Sahu
Abstract: Corporate crimes form a separate category of criminal offences. The terms corporate crime and ‘Economic Crime’ are more often than not, used as synonyms in fact, both the terms need to be used to define different categories of crime. Corporate Crimes not only victimize individuals with pecuniary loss but can also have serious repercussions on the national economy. Corporate Crimes, such as financial scams, fraud, money laundering, etc. are crimes which evoke serious concern and impact on the Nation’s security and governance. This paper seeks to present a perspective on the trend of corporate crimes and legislative measures to deal with such crimes in India. The paper is divided into two sections. The first section gives different dimension of corporate crimes and the second section deals with relevant legislation to prevent Corporate Crimes.