As long as human exists the fraud exists. We Indians are always interested in making money in any way (ethical or unethical) without looking deep into the technicalities and difficulties in the future. The most common white-collar crime that are committed by persons in the most respectable position in the private or public concern. In today's world, Corporate fraud has become a global phenomenon that needs an immediate stop. These frauds are mostly committed by the sophisticated and so-called high-profile people in the society wherein which leads to large financial losses. The main reason for the increase in corporate fraud is due to the immense development in the economic growth of the country. Thus, when Corporate fraud happens, the Indian economy is ditched. In this article, the author brings to light, the legal approach of corporate fraud, its legal mechanism and the author’s insight to prevent the corporate fraud.