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Saturday, July 27, 2024

Systematic failure?

#Systematic #failure?
The recent reports about the woman staffer from Manappuram Finance Ltd allegedly embezzling Rs 19.94 crore in Kerala have understandably shocked her hometown of Kollam. It raises questions about the feasibility of such an act without the complicity of higher officials. 

Given the company's stringent monitoring systems, where even minor transactions are closely tracked by the Managing Director, it's reasonable to consider that she may have been under immense pressure or coerced into committing these acts. It is crucial to approach this situation with empathy and avoid immediate judgment, as the complexity of financial crimes often involves layers of oversight. It can sometimes obscure the true nature of the events. 

Her alleged actions, if proven true, may be the result of systemic failures or extreme personal circumstances, rather than a reflection of her character alone.
-K A Solaman.

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