| dc.description.abstract | It is undeniable that corporate entities
engage in what are now classified as white-collar
crimes, with senior managerial figures and highranking
officials being the skilled perpetrators.
Consequently, a number of crimes such as money
laundering, bribery, forgery, tax evasion, human
trafficking, intellectual property theft and financial
embezzlement have taken an epidemic form thus
becoming a ubiquitous phenomenon in a nation
like Sri Lanka. Although the diverse socio-economic
felonies committed by the top class may not trigger
any bodily harm to the victim, they may
significantly damage the economic fabric through
the disintegration of stock market, public interest
and the government thus, becoming a serious
threat and difficult to prevent not only at the
domestic context but also at the global context
thereby raising an immediate concern. Therefore,
the focus of this paper revolves around the multifaceted
issue of white-collar crimes which are much
of a controversy today and also attempts to
analyse the loopholes in the law in force at present
with regard to corporations and further
recommends to regulate legal measures in order to
prevent and suppress these crimes, or at the very
least to diminish their frequency and severity
through a comprehensive legal analysis comparing
the jurisdictions of UK, USA and India that can
immensely contribute to the development of an
adequate legal framework for Sri Lanka to combat
these crimes. Accordingly, the author has
incorporated a methodology that is qualitative and
normative in nature to accomplish the purpose of
the paper and has utilized both primary and
secondary sources of law regarding white-collar
crimes. | en_US |
