Financial, cyber fraud within ambit of organised crime in proposed law

Major financial scams, ponzi schemes, cyber crimes, vehicle theft, land grabbing and contract killing will come under the ambit of organised crime in the proposed new criminal law, and if such offences result in the death of any person, the convict will be punishable with death or imprisonment for life.

The Parliamentary Standing Committee on Home Affairs headed by BJP MP Brijlal observed that the existing laws were inadequate to tackle many serious offences like organised kidnapping, land grabbing, contract killing, extortion as also many major financial scams and human trafficking, and lauded the proposed punishments as “very effective addition”.

According to clause 9 of the Bharatiya Nyaya Sanhita (BNS), unlawful activity, including kidnapping, robbery, vehicle theft, extortion, land grabbing, contract killing, economic offences,