Friday, February 28, 2025 | 06:57 AM ISTहिंदी में पढें
Business Standard
Notification Icon
userprofile IconSearch

Tackling corporate fraud

BS OPINION

Image

Business Standard New Delhi
 On the one hand, the fine for irregularities will be increased drastically to make them equal to the amount defrauded, while on the other the National Law Tribunal will be armed with criminal jurisdiction, so that the judicial process is speeded up.

 The committee will also emphasise fines rather than prison sentences (a welcome de-criminalising of white collar offences), and it will focus on punishing the persons behind the crime, rather than hold a company responsible for the sins of its employees or agents.

 The committee

Don't miss the most important news and views of the day. Get them on our Telegram channel

First Published: Nov 07 2003 | 12:00 AM IST

Explore News