Categories of Economic Crimes in India - Insight
As per the National Crime Records Bureau (NCRB) of Government of India; Economic offences form a separate category of crimes under Criminal offences. These are often referred as White/Blue Collar crimes. People belonging generally to upper economic status are found involved in such crimes with the help of some unscrupulous and corrupt Government functionaries and advanced technology. Economic offences not only inflict pecuniary losses on individuals but also damage the national economy and have security implications as well. The offences of Smuggling of Narcotic substances, Counterfeiting of currency and valuable securities, Financial Scams, Frauds, Money Laundering and Hawala transactions etc. evoke serious concern about their impact on the National Security.
The NCRB broadly classifies economic crimes into 24 categories as under
