Mitigating White-Collar Crime in Emerging Economies: A Case Study of Law Enforcement Agencies in Pakistan

Haiqa Sharmeen
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Haiqa Sharmeen: Iqra University

International Journal of Applied Business and Management Studies, 2024, vol. 9, issue 1, 28-41

Abstract: White-collar crime encompasses a variety of dishonest business practices, including commercial fraud, customer deception, slander, insider trading, and corruption. These crimes, continuously evolving to deceive the public and government, result in significant financial losses. Despite their historical persistence, white-collar crimes such as fraudulent accounts, large-scale governmental corruption, Ponzi schemes, and misappropriation of public funds continue to cause substantial harm. Corruption and deception have been embedded in societies since their inception, and Pakistan inherited and perpetuated these issues since its establishment. This research paper examines the prevalence and handling of white-collar crimes by law enforcement agencies in Pakistan, including the Federal Investigation Agency (FIA), Anti-Narcotics Force (ANF), Police, Federal Board of Revenue (FBR), and the National Accountability Bureau (NAB). The study focuses on prominent cases such as tax evasion scandals, the Pakistan Steel Mills scam, fraudulent accounts, and anti-money laundering cases, and assesses their legal enforcement. The findings reveal systemic misuse of authority, with scams and fraud often orchestrated by individuals in positions of power. Furthermore, institutional mechanisms are frequently exploited to suppress and victimize political opponents. The study concludes that white-collar crimes, while uniformly serious, vary significantly in nature, necessitating tailored approaches for each case.

Keywords: White-collar crimes; financial fraud; criminal justice system; law enforcement (search for similar items in EconPapers)
Date: 2024
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