Business Standard

Tuesday, February 11, 2025 | 06:26 AM ISTEN Hindi

Notification Icon
userprofile IconSearch

White-collar crime: Losses from frauds rise 80% from last year, says survey

The survey pointed that 3,766 cases of fraud were detected in FY19, a 15 per cent spike from a year ago

crime
Premium

Ruchika Chitravanshi
White-collar crime has crept into all industries especially financial, pharmaceutical, information technology and manufacturing with rising instances of money laundering, tax evasion, embezzlement, securities, credit card and insurance frauds, according to a recent survey by Netrika Consulting and Indian National Bar Association. The survey pointed that 3,766 cases of fraud were detected in FY19, a 15 per cent spike from a year ago; losses incurred due to frauds rose by 80 per cent.

What are white-collar offences?
• Non-violent criminal acts committed by people from a higher social class such as wage theft, money laundering, copyright infringement, among others
• 83% of respondents

What you get on BS Premium?

  • Unlock 30+ premium stories daily hand-picked by our editors, across devices on browser and app.
  • Pick your 5 favourite companies, get a daily email with all news updates on them.
  • Full access to our intuitive epaper - clip, save, share articles from any device; newspaper archives from 2006.
  • Preferential invites to Business Standard events.
  • Curated newsletters on markets, personal finance, policy & politics, start-ups, technology, and more.
VIEW ALL FAQs

Need More Information - write to us at assist@bsmail.in