The educated criminal is the most dangerous kind. — John G. Diefenbaker
Wharton dropout Nirav Modi embezzled ₹6,498 crore from the Punjab National Bank through fake documentation. Former ICICI Bank CEO Chanda Kochhar was arrested for misusing ₹1,700 crore for personal gain. Yes Bank’s Rana Kapoor spent four years in prison for bank fraud.
These incidents illustrate white-collar crimes—financially motivated offences by educated individuals in positions of trust. Such crimes encompass deceit, hiding information and violating trust through activities like fraud, money laundering, cybercrime and insider trading. White-collar criminals know the potential consequences, and are often driven by greed. Alarmingly, the National Bar Association reports a 15 per cent annual increase in white-collar crimes in India.
Society views modern managers as savvy, affluent and impressive. For many Indian families, b-school is the ticket to this lifestyle. MBA graduates from top schools join a privileged class, shouldering major responsibilities and earning hefty paychecks. White-collar crime happens when graduates misuse their education. The relentless focus on profit creates immense pressure and opportunities for quick, unethical gains. This leads to financial traps that can ruin both themselves and others.
هذه القصة مأخوذة من طبعة November 17, 2024 من THE WEEK India.
ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 9,000 مجلة وصحيفة.
بالفعل مشترك ? تسجيل الدخول
هذه القصة مأخوذة من طبعة November 17, 2024 من THE WEEK India.
ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 9,000 مجلة وصحيفة.
بالفعل مشترك? تسجيل الدخول
William Dalrymple goes further back
Indian readers have long known William Dalrymple as the chronicler nonpareil of India in the early years of the British raj. His latest book, The Golden Road, is a striking departure, since it takes him to a period from about the third century BC to the 12th-13th centuries CE.
The bleat from the street
What with all the apps delivering straight to one’s doorstep, the supermarkets, the food halls and even the occasional (super-expensive) pop-up thela (cart) offering the woke from field-to-fork option, the good old veggie-market/mandi has fallen off my regular beat.
Courage and conviction
Justice A.M. Ahmadi's biography by his granddaughter brings out behind-the-scenes tension in the Supreme Court as it dealt with the Babri Masjid demolition case
EPIC ENTERPRISE
Gowri Ramnarayan's translation of Ponniyin Selvan brings a fresh perspective to her grandfather's magnum opus
Upgrade your jeans
If you don’t live in the top four-five northern states of India, winter means little else than a pair of jeans. I live in Mumbai, where only mad people wear jeans throughout the year. High temperatures and extreme levels of humidity ensure we go to work in mulmul salwars, cotton pants, or, if you are lucky like me, wear shorts every day.
Garden by the sea
When Kozhikode beach became a fertile ground for ideas with Manorama Hortus
RECRUITERS SPEAK
Industry requirements and selection criteria of management graduates
MORAL COMPASS
The need to infuse ethics into India's MBA landscape
B-SCHOOLS SHOULD UNDERSTAND THAT INDIAN ECONOMY IS GOING TO WITNESS A TREMENDOUS GROWTH
INTERVIEW - Prof DEBASHIS CHATTERJEE, director, Indian Institute of Management, Kozhikode
COURSE CORRECTION
India's best b-schools are navigating tumultuous times. Hurdles include lower salaries offered to their graduates and students misusing AI
