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SOCIO-ECONOMIC OFFENCES

 According to the study, socioeconomic crimes are social offences that have an impact on the health, morals, social, or overall well-being of the community as a whole, rather than just the individual victim. Economic offences are those that are harmful to society’s economy and endanger not only individual money but the entire economic structure of a country.


   Features of socio-economic offences

  • Motive: Unlike traditional crimes, the act of committing the crime is motivated by extreme greed or a desire for riches.

  • Emotion: Whereas typical crimes are committed for emotional reasons, these sorts of offences have no emotional basis or relationship between the victim and the perpetrator.

  • Target victim: In most cases, the victim is the state or a group of individuals, most notably those who are consumers of particular goods or services, shareholders or holders of other assets, and so on.

  • Mode of operation: The primary motivator for committing such a crime is deception, not coercion.

  • Mental element: Such offences are generally committed on purpose.

  • Protected interest:

    • The preservation of individual members’ property, money, or health, as well as national resources, as well as the broader economic system as a whole, from exploitation or waste by people or organizations, is a social interest.

    • Social interest in increasing the country’s wealth through implementing rules governing taxes and dues, foreign exchanges, international business, and the like.

 

    Categories of Socio-Economic Offences

  • Actions planned and carried out to impede or inhibit the country’s economic development and health,

  • Income tax evasion,

  • Misuse of position and authority by public officials, which is most likely to result in corruption,

  • All offences including breach of contract and delivery of goods that do not meet the requirements as promised,

  • All black marketing and hoarding-related actions,

  • Activities involving food and medication adulteration. Misappropriation and theft of government property and finances,

  • The activities associated with the trafficking of licenses, permits, and so forth.

    Causes of socio-economic offences

  • Industrial revolution: The transition from an agricultural to an industrialised country brought about changes in the country, which resulted in offences shifting their pace from traditional to these new ones.

  • World War II: Post-war conditions in the countries were deplorable, resulting in alterations in the regular functioning of society. As a result, new practices gave rise to new offences.

  • Business: When new firms began to develop in the country, it generated a sense of intense competition among them. Everyone wanted to outdo each other in any way possible.

  • Technology: One of the factors that influenced our country’s preference for beer is also to blame for such offences. The rise of technology and scientific advancements has resulted in a decline in faith in the almighty.

  • Lack of morals: As people’s dread of the ultimate judgment or the world beyond all humanly things faded, so did their morals and ethics. As a result, there has been a rise in deception and greed and thirst for worldly satisfaction.

  • Laissez-faire: The state opted to leave things alone, and the absence of public discontent resulted in serious consequences that are now visible in our country. However, with appropriate research and attention, these crimes in the country may be controlled.

  • Absence of intense and coordinated public resentment.
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