How To Handle Fraud In Doing Business

Handle Fraud

It should be noted that a new systematics of crimes against the economy has been given, that is, their order and grouping have been carried out according to certain criteria, the most important of which is their relatedness. The bill provides for criminal offenses against the economy, while under the current Criminal Code, there are more. The brampton fraud offence lawyer is here to provide you help in such cases.

Fraud in doing business

It is a criminal offense prescribed in the Criminal Code. According to the aforementioned provision, this criminal offense constitutes:

(1) Who, in the exercise of economic activity, with the intention of obtaining for himself or another illicit property gain, misleads or misleads the person by misleading or concealing facts, thereby causing him to do something or not to the detriment of the property of the business entity for which or in which he or she or another legal person,

shall be punished by imprisonment for a term between six months and five years and a fine.


(2) If, material gain was acquired or damage was inflicted,

the offender shall be punished by imprisonment for a term between one and eight years and a fine.

(3) If, material gain was acquired or damage exceeding one million and five hundred thousand dinars was inflicted,

the offender shall be punished by imprisonment for a term between two and ten years and a fine.

From the definition of this crime it is concluded that anyone can be the perpetrator of this crime. However, each one has one supplement which is reflected in “In the conduct of business”. This is essentially a criminal offense against an economy that has a fraudulent act as a means of enforcement. The consequence of an act in the form of damage, impairment of property must relate to the property of the business entity, and the deceased may be a person who works for that damage, business entity, or other legal entity.

It is important to note that, according to the interpretative provisions of the Criminal Code, economic activity is any activity of production and trade of goods, performance of services and performance of other activities on the market in order to gain profit or to achieve another economic interest.

So, besides reviewing the existing ones, there is also a need to introduce some new crimes against the economy. Thus, it was necessary to envisage the criminal offense of fraud in the conduct of economic activities, the criminal offense of misuse of trust in the conduct of business activities, the criminal offense of abuse in the process of privatization. While the first two crimes are known as general crimes against property but have hardly been applied in the area of ​​economic relations, the third is a completely new crime and reflects the need to criminalize abuses in the privatization process that have been observed so far.

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