U.S. flag

An official website of the United States government, Department of Justice.

NCJRS Virtual Library

The Virtual Library houses over 235,000 criminal justice resources, including all known OJP works.
Click here to search the NCJRS Virtual Library

Legislative Measures to Deal with Economic Crimes in India (From Resource Material Series, No. 67, 209-215, 2005 -- See NCJ-214096)

NCJ Number
Animesh Bharti
Date Published
December 2005
7 pages
This paper examines the trend in economic crimes and legislative measures to deal with economic crimes in the country of India.
Economic crimes in India run the spectrum and include crimes such as tax evasion, money laundering, illicit drug trafficking, bank fraud, racketeering in false travel documents, terrorist activities and computer crime. Several acts of legislation have been introduced over the years to address economic criminal activity, such as the Income Tax Act; Banking Regulation Act, 1949; Passport Act, 1920; Import and Export (Control) Act, 1947; the Indian Penal Code (IPC); and the Copyright Act. Many of these legislative laws are enforced by the police. This paper presents an overview of economic crime in India and those measures taken to combat these crimes, specifically the crimes of money laundering and computer-related crime. It also specifically addresses the many economic crimes which fall directly under the Indian Penal Code (IPC) (i.e., band fraud, insurance fraud, credit card fraud, and stock market manipulation).