New Delhi, Oct. 11 -- The former Chief Justice of India, Justice Sanjiv Khanna, on Saturday called for a more sensitive and nuanced approach in the application of laws that govern financial frauds.

"Every act or failure to act that has financial implications cannot be painted with the same brush," he said, urging lawmakers to draw clear distinctions between intentional fraud, unintentional error, and procedural lapse.

Justice Khanna was addressing the TPF-Dayitva: National Legal Conference on Combating White-Collar Crime, organised by the Terapanth Professional Forum (TPF) at Bharat Mandapam, New Delhi.

Justice Khanna observed that not all financial irregularities should be treated alike. "In my view, such cases must be dealt with diff...