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NRIs and white collar crime

Posted: Mar 28, 2005 Mon 01:25 pm     Views: 103   

There are currently 3 executives of Indian origin who are being investigated for potentially criminal conduct. Victor Menezes of Citibank, Sanjay Kumar of Computer Associates and Amit Jain of General Re. The percentage of executives of Indian origin in Fortune 500 is a laudable achievement indeed. However they’ve also been some of the major crooks involved in major cases of white collar crime. Naveen Jain of InfoSpace and a couple of commodity swindlers who ran a multi-billion dollar scam out of a small office building in Edison also come to mind. There are also a number of other prominent examples of bad behaviour by high achieving NRIs.
Corporate America at some point in time will find the trend disturbing. Sometimes you can become a victim of your own success. Or is there more here than meets the eye? The likes of Indra Nooyi waiting to take over the reins at Pepsi may have to jump through more hoops to get to the brass ring!


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