Mishandling people's money an economic offence: Justice Indira Banerjee

COIMBATORE: "People's money that is handled in a wrong way is also an economic offence," said Supreme Court justice Dr Indira Banerjee at Coimbatore on Saturday.

She said this while addressing the national conference on Economic offences and Emerging dynamics and dimensions conducted at the Tamil Nadu state judicial Academy (TNSJA) at Race course.

The numbers of economic offences are increasing day by day in different dimensions including misusing the computer applications and technology such offences being done by offenders those who are extremely skilled in dealing with proxy and hacking data. Economic offences would result in affecting the growth of nation says the 29th law commission, the senior judge noted.

So far economics offences are not classified; however, National Crime records bureau gives a list of 24 offences in which tax default remains top on the list.

Grabbing government lands by preparing fake documents and bribing government officials for sanctioning government contracts also comes under economic offence. Share market offences, smuggling of any goods including narcotics, any type of adulterants, looting, insurance forgery also comes under economic offences, added the Supreme court judge.

The Madras High court judge from Madurai bench, Sri Vijaya Kamlesh and Chief Justice of the High court, VK Thailramani, were among those who addressed the gathering.