PSYCHOLOGIST PERSPECTIVE AND INTERVENTION

Nirav Modi, a diamond merchant, and a luxury jewelry designer were accused of committing a major
corporate crime in 2018. The case involved allegations of fraud and money laundering worth over 2
billion. Given the gravity of the situation, psychologists can provide valuable insights into the
motivations, behaviors, and mental states of those involved in corporate crime and develop
interventions to prevent similar incidents in the future.

From a psychological perspective, corporate crime is often driven by a combination of individual and
organizational factors. Individual factors may include personality traits such as narcissism, greed, and
lack of empathy, while organizational factors may include a culture of corruption, weak internal
controls, and inadequate oversight.

Psychologists may use a range of interventions to address these underlying factors and prevent
corporate crime from occurring. Some of these interventions may include:

• Ethical leadership training: Providing leadership training to managers and executives to help
them develop a strong ethical compass and foster a culture of transparency and
accountability.
• Employee screening and selection: Implementing a rigorous screening process to identify
individuals with a history of unethical behavior or criminal activity.
• Whistleblower protection: Creating policies and procedures to protect whistleblowers who
report unethical or illegal behavior within the organization.
• Organizational culture change: Fostering a culture of honesty, transparency, and ethical
behavior by emphasizing the importance of these values and integrating them into the
company's mission and vision.
• Restorative justice: Providing support to the victims of corporate crime and working towards
reparative justice to restore trust in the company and its stakeholders.

Psychologists can also play a role in shaping public policy related to corporate crime. They can
research the effectiveness of various interventions and provide recommendations for regulatory and
legal reforms to deter corporate crime.

In the specific case of Nirav Modi, psychologists may use these interventions to address the
underlying factors that may have contributed to his actions. This may include identifying and
addressing any individual and organizational factors that may have contributed to his behavior, as
well as providing support to the victims of the crime. By taking a holistic approach to the issue of
corporate crime, psychologists can help prevent similar incidents from occurring in the future and
promote a more ethical and transparent business environment.