A Comparative Analysis Of White-Collar Crime And Major Financial Debacles In India And Other Countries

This study elucidates the predominant white-collar crimes and significant financial frauds, along with their causal and symptomatic characteristics, that have afflicted Indian and worldwide corporate and economic landscapes. The study examines, using critical qualitative historical and contemporary case analyses such as the Harshad Mehta fraud and the Enron affair, how the interplay of greed, systemic vulnerability, and insufficient regulatory frameworks contributes to the perpetuation of such crimes. The principal findings highlight that, despite considerable enhancement of regulatory frameworks in India, exemplified by agencies such as SEBI and SFIO, resource limitations, judicial procrastination, and regulatory arbitrage persistently hinder enforcement efforts. Comparative study using global frameworks to solve these concerns efficiently. The research indicates that addressing white-collar crimes necessitates a comprehensive strategy that includes stringent regulatory frameworks, global cooperation, and a culture transformation towards responsibility. It necessitates the incorporation of sophisticated technology, the augmentation of enforcement capabilities, and the cultivation of global collaborations to safeguard economic stability and reinstate public trust in financial institutions.