White Collar Crime is one of the major evils in the modern world. This study looks into this dreadful issue of White Collar Crime as it emerged awfully in some of the third world countries including Bangladesh. It is not an isolated phenomenon in itself but closely linked with various socio-economic factors of some post-colonial nations. This study also focuses on the present impact of this heinous crime on the society as well as on the administration of justice in Bangladesh. A number of bygone years have witnessed the rise of this evil doings in every aspects of the society and now it has become a crying need to enact special laws to encounter with this crime as the offenders of this crime are exceptional in nature. This study also shows the possible outcome of various efforts which should be taken by Government so as to protect the society from the curse of this crime.