There is a strong need to enact a clear rules and laws to effectively deal with financial fraud for the Supreme Court and all the judicial courts of the world. This law should be so strict that if someone refuses to return the money stolen from the fraudulent victims, then he should be arrested and worked in jail. The period of time to be spent in jail should be based on the scale of their crime, and the wages they get while working in jail should be used to compensate the victims over time. It would be a reasonable way to ensure that the victims are not helpless and criminals are fully accountable to their acts. In today’s world, financial fraud has become one of the most harmful and emotionally harmful crimes.
With the increasing trend of digital transactions, online business, share investment, banking apps and social media platforms, people are falling victim to more fraud than ever. Innocent people are losing their lifetime deposits at the hands of fraudsters, who often work without being caught or suffering from consequences. These fraudsters not only snatch money from people – they can destroy their lives, feelings of trust, mental health and even their family. Many times, the victims have no way to get their lost money back, even when the fraudster is arrested and sent to jail. The emotional and economic suffering they have to face can persist for years, while the culprit simply deducts a small sentence and escapes without any loss, often he has hidden money and has no responsibility.
Such a situation is not only unjust, but also shows a big flaw in the judicial system. Now the time has come that the Indian Supreme Court and all the judicial courts around the world take strict action. There is an immediate requirement of strong, clear and effective laws to deal with financial fraud seriously. These laws should not only punish the fraudsters, but it should also be ensured that the victims get their stolen money back. The most effective way to do this is to arrest criminals and make them work in jail. The salary they get from their hard work in jail should be used to repay the victims over time. From this point of view, not only the victims will get some financial relief, but it will also ensure that the culprits are held responsible for the damage caused by them.
In many existing legal systems, financial fraud is often considered a non -violent crime, and punishments are either very light or not clearly defined. Sometimes, the only punishment is a penalty, so that the fraudster can easily escape by hiding his property or declaring bankruptcy. Even if the fraudster is sent to jail, there is no guarantee that the stolen money will be returned. For victims, this means regrets, stress and even depression of life. This is completely inappropriate and highlights a serious weakness of the judicial system.
The idea of forcing financial fraudsters to work in jail is both logical and morally correct. When someone steals money by stealing, it should not only be punished, but the victims should also be forced to return the money from their full capacity. It is not enough to send him to jail just. Imagine that a person steals 10 lakh rupees from an elderly couple through online fraud. The police catch him, and he is sentenced to five years in jail.
However, the couple never get their money back. Their retirement savings ends, and they are difficult to meet basic needs like medicine and food. While in jail, the fraudster may also succeed in hiding some stolen amount. This indicates how the current law and order fails to protect the victims and blames criminals.
A better way would be that the cheater is forced to pay every single rupee. If he cannot make a lump sum payment, he should be sent to jail and should be engaged to work – he is physical labor, workmanship, or technical work, which depends on his skills. Whatever salary he gets while cutting the punishment, it should be given directly to the victims. If he is largely stolen, he may have to work for many years, even decades, until the stolen amount is completely returned. This system will ensure that the victims get justice and criminals are fully accountable to their acts.
The Supreme Court will have to play an important role in considering this burning issue. India is one of the largest population countries of internet users in the world, yet it is facing dangerous growth in both online and offline financial scams. People are falling prey to various schemes such as real estate fraud, investment scam, fake job proposal, ponzi scheme, fishing efforts, loan nets and cheating cryptocurrency investment. These scams affect people from small villages to the most developed urban centers.
However, despite several cases being registered and some arrests, the victims rarely get the compensation they deserve. If India enacts a law focused on the help of the victims, it can set an example for the world. It should be clearly stated in the new law that anyone who committed financial fraud should not only be sentenced to imprisonment, but will also have to work. This task should be meaningful and productive, and its earnings should be managed through the aggrieved compensation fund established by the government. As the fraudster works, the victims should gradually get compensation. In cases where fraudsters refuse to work, he should be punished with more rigorous punishment, such as long prison.
This system may also include a tracking mechanism where each fraudster is given a specific repayment number associated with his victims. Each rupee earned by the fraud should be visible publicly and the victims should be allocated for repayment. This will increase transparency and increase confidence in legal system. The victims may see a ray of hope after seeing the small amount of compensation regularly back, rather they feel helpless and abandoned. It is important to take care that its purpose is not to forcibly impose labor or to treat people inhumanly.
The jail action plan should be respectable, safe and fair. Its purpose is to give the cheater a chance to rectify his mistakes, not to punish him inhumanly. The task assigned should suit the skill of the person. For example, someone who was previously a software engineer can be asked to project data entry or coding for government use. A former farmer can be employed in agricultural work within the jail. Those who do not have any skills can be given basic training and gradually brought to high level work. Its purpose is not to hurt, but to promote treatment and rehabilitation. This system can also help in reducing the financial burden on the government.
Currently, the government bears the cost of food, housing and security of the prisoners. If the prisoners are employed and earned money, they can bear their own expenses and contribute to compensation to the victims. This will create a self -sufficient model of justice, where it is not for crime, but compensation for improvement and compensation.
The global judiciary should also consider adopting this model. Financial fraud is not just India’s problem; This is a worldwide issue. Scams such as Crypto fraud, romance scam, lottery fraud, fake commercial investment, online pseudo identity and identity theft are common in America, Europe, Africa and Asia. Courts around the world must start thinking about further by punishing criminals – they should also focus on compensating for the losses done to the victims. Implementing gel work repayment schemes can become an international standard for financial fraud cases.
In countries where prisoners already have more number of prisoners, this system can help reduce frequent crimes. If a fraudster knows that he will not only be jailed, but he will also have to work for years to return the money to his victims, then he will think twice before committing the crime. Today, many fraudsters feel that they can escape cleverly, hiding money, or simply disappearing. But if the law makes them impossible to escape without paying, then the fear of the law will increase, and the fraud may decrease.
This system also gives a strong message to the society that stolen money is not forgotten. This indicates that the courts are worried about getting back the looted money than punishing the culprits. Justice does not mean not only to be locked in jail – it is also to correct things. In a fake insurance scheme, for a widow of a poor farmer who lost his lifetime deposits or a widow of a fraudulent gold company, this can awaken a new ray of hope. Such laws can also prove to be helpful for mental health.
Many victims of fraud are also suffering from anxiety, depression and serious cases, also suffering from suicide ideas. They often feel guilty, fall isolated and trust in society. But when they see that the court is standing in their favor and is making sure that the fraudulent hard work is restored, their confidence is restored again. He feels that he is being listened to, he is being respected and he is getting support.
To implement such laws successfully, coordinated efforts of various stakeholders will be required. Policy makers, law makers, jail officials, judiciary and financial regulators will have to work together. Technology can also play an important role. Digital platforms can help keep an eye on earnings, keep informing victims and manage repayment programs. Banks can help in creating a safe medium for transfer money. Non-governmental organizations and victimized support groups can help monitor and ensure that the process is fair and effective.
The court has the right to make rules that ensure proper behavior with people working in jails. These rules can determine the minimum hour of their work, give them fair salary, train them to enhance their skills, and ensure their health and safety. In cases where a fraudster becomes ill or disabled, the system should be so flexible that alternative methods can be provided to compensate the stolen property, such as community service or grabbing their property. However, the most important thing is that no cheater should be allowed to avoid his responsibility to fix things by just running away.
International cooperation in dealing with financial fraud can also be a powerful tool. If a fraudster escapes to another country, legal agreements, such as extradition treaties, should have a clear provision that they have to pay their dues through gel labor. Countries can detect hidden properties, to control the wrongly obtained property and ensure that the fraudsters are brought into the dock of justice.
The victim compensation should be the top priority in every legal system around the world. It is equally important to educate the public about this system. People have to understand that when they are cheated, they not only have the right to file a crime report, but also have the right to expect that the person who has done injustice to them will return their looted amount. They should be given clear guidance as to how to report crime, how to present evidence, and how to involve the victims in the arrangement that help the victims compensate for their loss. Legal aid should also be provided to those who cannot bear it, so that justice is not limited to rich people, but everyone is accessible.
Media also plays an important role in this process. By highlighting such successful matters where the fraudsters were forced to work and get back the money, the media can help create confidence in the judicial system. The fraudsters should know that they cannot hide forever, and the victims should believe that the law will support them.
Financial fraud is not just a crime – it is a deep trauma for individuals and overall society. Current legal systems are not making enough efforts to deal with this problem. The Supreme Court, like all other judicial courts around the world, should take immediate action and pass new laws that not only punish the fraudsters, but also ensure that the victims get compensation through forced labor in jail. This system is fair, logical and morally correct. This helps the victims to get back a sense of respect and teaches the cheated people true responsibility. By working with criminals and returning their stolen things, the judicial system can help improve the society by going beyond punishment only for wrongdoings. This is not just a legal requirement – it is a human need. A justified society is one where no one is free from snatching something from anyone, and where every victim has the right to get back the snatch. The time has come to convert this approach into real law.
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