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.
この記事は THE WEEK India の November 17, 2024 版に掲載されています。
7 日間の Magzter GOLD 無料トライアルを開始して、何千もの厳選されたプレミアム ストーリー、9,000 以上の雑誌や新聞にアクセスしてください。
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この記事は THE WEEK India の November 17, 2024 版に掲載されています。
7 日間の Magzter GOLD 無料トライアルを開始して、何千もの厳選されたプレミアム ストーリー、9,000 以上の雑誌や新聞にアクセスしてください。
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Level up
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HOPE STEMS FROM A CELL
While stem cell therapies have shown success in treating blood disorders, orthopaedic ailments, autoimmune diseases and eye issues, there is hope that they can one day treat patients with heart disease, blindness, Parkinson's, HIV, diabetes and spinal cord injuries
Mind matters
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Cutting edge
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The smallest cut
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HEARING AND VISION LOSS LINKED TO HEART DISEASE AND STROKE
A CHINESE STUDY PUBLISHED IN THE JOURNAL of the American Heart Association suggests that middle aged and older adults with sensory impairments, specifically hearing and vision loss, have an elevated risk of cardiovascular diseases, including stroke and heart attacks.
PETTICOAT CANCER AND THE SARI LINK
TYING YOUR UNDERSKIRT (petticoat) tightly around the waist when wearing a sari, can lead to \"petticoat cancer\" or \"sari cancer,\" as it was previously called. Tying the underskirt too tightly can cause constant cord friction that can lead to chronic inflammation, skin ulceration and, in rare cases, skin cancer.
