International Journal For Multidisciplinary Research

E-ISSN: 2582-2160   •   Impact Factor: 9.24

A Widely Indexed Open Access Peer Reviewed Multidisciplinary Bi-monthly Scholarly International Journal

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Volume 8 Issue 2
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Corporate Criminal Liability in Banking Frauds: A Critical Analysis under Indian Law

Author(s) Ms. GUNAVATHI N V, Dr. NAGARAJA V
Country India
Abstract The issue of corporate criminal liability has become a significant legal tool that can be used to curb banking frauds and financial misconducts in India, and more so in light of growing corporate operations and complexity of finances. Most of the time, corporate entities are involved in the massive banking frauds using their practice of misrepresentation, skimming of money, and falsifying financial records, leading to massive loss of funds and loss of trust among the people of the financial institutions. The present paper critically identifies the concept of corporate criminal liability with respect to banking fraud as per the Indian law through the analysis of legal framework under which corporate responsibility is governed in the context of the companies act 2013, Indian penal code, prevention of corruption act and various other control mechanisms. The paper also assesses the judicial interpretations of corporate liability, attribution doctrine and difficulties presented by prosecuting corporate persons in the case of financial offences. In addition, the study also exposes weaknesses in the current legal system and limitations to enforcement, and procedural obstacles that impede successful application of corporate criminal liability. It highlights the necessity of legal and regulatory changes to enhance corporate responsibility, enhance compliance systems, and financial integrity. The paper concludes that it is true that despite the corporate criminal liability recognized in the Indian law more effective enforcement strategies and institutional reforms are required in order to ensure successful deterrence and to prevent the banking frauds.
Keywords Corporate criminal liability, banking fraud, corporate governance, Indian law, financial regulation.
Published In Volume 8, Issue 2, March-April 2026
Published On 2026-04-17
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E-ISSN 2582-2160
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