In a business context, prosecution refers to a legal action where a party brings a criminal case against another individual or entity. Prosecution is initiated by the government, either at the state or federal level, for alleged violations of the law, typically as a result of criminal activity. The goal of prosecution is to punish the alleged perpetrators and discourage further criminal activity.
Common Examples of Prosecution In Business
White collar crime such as income tax evasion, fraud, and embezzlement are some of the most common types of cases that are brought to court. In recent years, prosecutions for international business crimes such as money laundering and illegal foreign bribery have become more frequent. Other areas of prosecution include corporate negligence or failure to uphold employee safety standards and violations of antitrust laws.
What Is the Process of Prosecution?
The process of prosecution begins with an investigation by the authorities. This typically includes the gathering of evidence, interviews with witnesses, and the examination of records. Once the evidence has been gathered, the prosecutor will decide whether or not to file criminal charges. If charges are filed, then a trial will be held and the parties involved will present their case to the court. If found guilty, the accused may face financial penalties, jail time, or other measures as determined by the court.