New Delhi: Supreme Court judge Justice Hima Kohli on Wednesday said white-collar crimes pose a major challenge to the judicial system and the economic system. It requires a multi-pronged and nuanced approach.

The apex court judge advocated the use of advanced technology to prevent such crimes. She said leveraging advanced technologies such as data analytics, artificial intelligence, and blockchain would enhance the ability to detect, investigate, and prosecute white-collar crimes.

The judiciary plays a vital role in dealing with crimes

Justice Kohli was addressing the 'Second Dialogue on Economic Crimes and Corporate Misconduct in Judicial Perspective'. She said that white-collar crimes are posing a big challenge to India's judicial and economic system. A multi-pronged approach is needed to deal with it. The judiciary, supported by a strong legislative framework and dedicated institutional mechanism, plays an important role in dealing with these crimes.

Traditional crimes often arise from feelings such as revenge

Distinguishing between conventional and white-collar crimes, he said conventional crimes often arise out of emotions such as anger or revenge or are sometimes committed with the help of professional criminals. In contrast, white-collar crimes are motivated by greed and are carried out in a planned manner.White-collar crimes cause reputational harm or financial loss. Traditional crimes result in physical harm and emotional damage. However, both types of crimes have a profound impact on the victims and society at large.