Q: What does the white collar crime harm more to society ?

BY VARUN KUMAR SINGHAL 

Ans: Edwin Sutherland stated that white crime could harm society more than other normal offences because White-collar crime occurs under the table and there are not many witnesses when it happens mainly because of the financial losses that the public would happen in general. White-collar crimes can be traced back to the 15th century in the UK as well as later also in the US during the civil war which permitted large monopolies( the exclusive possession or control ) to take over which led to the enforcement of Anti-trust laws to safeguard the consumers as well as to permit the fair competition.

The Indian antitrust law is governed by the Competition Act, 2002 . The Act prohibits any agreement between companies, individuals or associations that could make an adverse effect on competition. 


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