Rs 400 cr loan 'fraud': SBI gives clean chit to Shyamal Acharya
State Bank of India has not found any procedural lapses in a Rs 75-crore loan sanctioned to Delhi-based Worlds Window Group by the bank's mid-corporate group, till recently headed by Shyamal Acharya.
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#1 Dec 13, 2013
By making a FALSE STATEMENT that the Bank incurred a financial loss of Rs 12 crores, two of the atrocious top executives of SBI, Chennai Circle viz Mr Krithivasan and Mr Sundararajan, removed an official from the service of the Bank. The information received under Right to Information Act from their Corporate Centre at Mumbai clearly evidences their false statement. Despite taking up the issues with the Chief Vigilance Officer, Chairperson and DMD & CDO of SBI, neither remedial action of reinstating the official nor initiating action against the atrocious top executives has been taken. Is it not reflective of the unwritten policy of protecting the top executives by all of them together.
At the same time, they are claiming that Highest level of fairness, transparency, integrity, etc are followed in SBI. IS IT NOT RIDICULOUS ?
I really do not understand the purpose for which CVOs are posted in these organisations ? An additional information in this connection is that the mother of the affected official is undergoing treatment for Cancer. Will anyone in the Govt / Regulatory Authorities / Indian Army come forward to help the affected officer of SBI, who is also a former Air Force official ?
#3 Aug 23, 2014
An example of show me the man and I will show you the rules
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