NEW DELHI: Former chief justice of India Sanjiv Khanna said on Saturday that every instance of failure to act in matters that have financial implications cannot be termed a white-collar crime.

He said this while speaking at the "National Conference on White Collar Crime", organised by the Terapanth Professional Forum.

"White-collar crime is a cliche which we hear every day in, day out, but very few of us really understand what is a white-collar crime. This expression was coined in 1939 by a sociologist, who described it as a non-violent offence committed by individuals of position and responsibility," Justice Khanna said.

He said these crimes are committed by people in positions of trust, authority or respectability, usually for personal or organisational gain, and these are generally

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