All same in the ex-position of Chanda Kochhar, Chidambaram, Srinivasan

Mumbai, Feb 04: ICICI Bank has sacked former MD and CEO Chanda Kochhar and invalidated her bonuses since April 2009 after Justice B. N. Srikrishna’s report indicted her of violating the lender’s code of conduct.

It seems that in the process of trying to promote her husband Deepak Kochhar and his businesses, the couple eventually landed in major trouble and had to face public embarrassment.

In yet another case of public degradation, former Finance Minister P. Chidambaram and his son Karti Chidambaram have been facing charges from the CBI over alleged irregularities in the FIPB clearance to INX Media and for receiving overseas funds during Chidambaram’s tenure.

Similarly, in what could be dubbed as a major humiliation, a few years back, N. Srinivasan had to step down as the President of the BCCI for his son-in-law Gurunath Meiyappan’s alleged involvement in betting/spot-fixing in the Indian Premier League cricket matches.

In the above-mentioned cases, what stands out is the accused has used his/her position to promote and safeguard the interest of their kin. And by being brazen in a cover-up, they eventually land up being too smart for their own good. They try hard to get away from the consequences by using their clout but ultimately the law catches up.

Sociologist Shalini says, “Sadly, these tainted personalities go through a lot in such situations. They find it extremely taxing to cope with such circumstances, especially considering the fact that they received bouquets when they were in the limelight.” Suddenly, everyone is talking about them as frauds.