The Central Vigilance Commission (CVC) has sought powers to probe corruption charges against chairman and managing directors (CMDs) and executive directors (EDs) of public sector banks and insurance companies.
CVC has asked the Finance Ministry to incorporate relevant provisions in the rules to allow it to conduct disciplinary inquiries against CMDs and EDs, i.e. Whole Time Directors (WTDs) while in service and continuation of such probes after they demit office, official sources said.
The anti-corruption watchdog has also sought powers to initiate penal action against them, if they are found guilty of corruption, even after their retirement, they said. At present, there is no rule to conduct investigation or disciplinary inquiry by the Commission against CMDs and EDs working in public sector banks, insurance companies and some financial institutions, the sources said.
The commission examined the issue after it received complaints of alleged irregularities against some of these top executives, they said.
CVC observed that the existing standard terms and conditions of appointment of WTDs i.e. board level officers of public sector banks, insurance companies etc., do not have a specific provision for initiating disciplinary action while in service, the sources said.
However, CVC can take necessary disciplinary action against board-level officers in Central Public Sector Enterprises (CPSEs). The standard terms and conditions of appointments provided by the Department of Public Enterprises allow initiation of disciplinary action against the board- level officers
in CPSEs while they are in service, they said.
CVC has sought similar provision for WTDs of banks, insurance companies and other financial
institutions by the Department of Financial Services (DFS), the sources said.
Link for Above News
CVC recommends penalty against 97 bank officials for graft -Economic Times-10th Jan 2014
NEW DELHI: The Central Vigilance Commission has recommended penalty against 97 officials of nationalised banks for alleged corruption.
Of these officials, a highest of 27 are working in Dena Bank, 13 in Bank of Baroda, 11 in Central Bank of India, ten in State Bank of India, eight in Punjab National Bank, seven in Andhra Bank, five in Industrial Development Bank of India and four each in Allahabad Bank and Bank of Maharashtra
Besides, two officials each working in Bank of India, Oriental Bank of Commerce, State Bank of Mysore and one each in Indian Overseas Bank and Syndicate Bank have been penalised for their alleged involvement in corruption, the CVC said in its monthly report for November 2012.
In addition to these, the CVC has advised penalty against 11 officials of Municipal Corporation of Delhi (MCD), eight of Ministry of Railways, six of Department of Telecommunications, five of Ministry of Home Affairs and two each of Ministry of Defence, Employees Provident Fund Organisations and Lakshadweep Administration.
As many as 144 government officials, including 97 from banks, have been penalised for alleged graft by the probity watchdog during the month.
The Commission processed 1,938 complaints, including 19 from whistleblowers, during the month and sought investigation or factual report in 80 complaints from the concerned ministries, departments or organisations, it said.
The CVC also effected recovery of Rs 57.68 lakh after conducting technical examination of works being carried out by various government organisations during the month.
The Commission was deeply concerned over continuing delay in filling the post of Chief Vigilance Officers (CVOs), who act as distant arm of the CVC, in Air India Charters Ltd (AICL), RITES Ltd, Air India Ltd, Employees Provident Fund Organisation (EPFO) and Goa Shipyard Ltd, it said.
CBI books UBI Deputy General Manager, 5 others in fraud case -The Hindu 30th August 2013
CBI has booked three former senior officials of Union Bank of India (UBI) and as many directors of a Nagpur-based private company for allegedly causing a loss of over Rs four crore to the bank, the agency officials said on Friday.
The agency has filed a charge sheet in the special court in Nagpur against the then Deputy General Manager, Assistant General Manager at that time, the then Chief Manager of UBI and three directors of a Nagpur-based private firm under charges of criminal conspiracy to cheat and provisions of Prevention of Corruption Act, an CBI spokesperson said.
“It was alleged that officials of UBI had sanctioned and released credit facility to the company and committed criminal breach of trust in respect of the funds of the bank over which they had dominion and cheated the bank,” the spokesperson said in a statement.
During CBI investigation, it came to light that the UBI officials and directors of the company were in criminal conspiracy and had allegedly sanctioned credit limit of Rs three crore to the company which was enhanced subsequently.
“The loan amount sanctioned was diverted/siphoned-off for other than business activity from the account of the said private firm and transferred to the accounts of its sister concern, which resulted in a non performing asset with an outstanding amount of Rs 4.58 crore,” the statement said.
List of cases where Commission has advised imposition of major penalty in the month of October’09.
S.No. Name of Department Name of officer Designation
Date of Advice
1 MINISTRY OF RAILWAYS D CHANDRA THEN SCM 07/10/2009
2 MINISTRY OF RAILWAYS HARI OM SRIVASTAVA SE 12/10/2009
3 MINISTRY OF RAILWAYS VIVEK GUPTA THEN SSE 12/10/2009
4 MINISTRY OF RAILWAYS VB TIWARI
THE THEN SR DEN
14/10/2009
5 MINISTRY OF RAILWAYS SS ROY THEN SSE 14/10/2009
6 MINISTRY OF RAILWAYS TK BANDOPADHYAY JE 14/10/2009
7 MINISTRY OF RAILWAYS FE WILLIAM THEN AEE 16/10/2009
8 MINISTRY OF RAILWAYS G P HALDAR THEN AEE 19/10/2009
9 MINISTRY OF RAILWAYS S K VERMA THEN SSE 19/10/2009
10 DEPARTMENT OF POSTS SHAKYA B L THEN SSPOS 16/10/2009
11 DEPTT. OF TELECOMMUNICATIONS ARUN KUMAR GMT 16/10/2009
12 DEPTT. OF TELECOMMUNICATIONS VERMA S C DGM 16/10/2009
13 CANARA BANK U B SAHA MANAGER 26/10/2009
14 CANARA BANK NARENDRA BALIGA MANAGER 27/10/2009
15 INDIAN OVERSEAS BANK H. MAHADEV SR. MGR. 14/10/2009
16 INDIAN OVERSEAS BANK SMT. SUJATHA P. PATHAK ASSTT. MGR. 14/10/2009
17 INDIAN OVERSEAS BANK S.L. BELOTE AGM 14/10/2009
18 INDIAN OVERSEAS BANK U.S. VERMA SR. MGR. 14/10/2009
19 INDIAN OVERSEAS BANK M.D. SHINDE
SR. MGR.(RETD.)
14/10/2009
20 NEW INDIA ASSURANCE CO.LTD. NAYAK DK DEV. OFFICER 08/10/2009
21 UNION BANK OF INDIA T P BHATNAGAR AGM 07/10/2009
22 UNION BANK OF INDIA T K DUTTA CM 07/10/2009
23 UNION BANK OF INDIA AJAY BANSAL MANAGER 07/10/2009
24 UNION BANK OF INDIA M D VARADPANDE DGM 07/10/2009
25 UNION BANK OF INDIA ANIL KAPOOR CM 07/10/2009
26 UNION BANK OF INDIA S N GARG SR.MGR. 07/10/2009
27 UNION BANK OF INDIA S P SHARMA BR.MGR 07/10/2009
28 UNION BANK OF INDIA G S MEHTA GM 07/10/2009
29 UNITED INDIA INSURANCE CO.LTD. BISHAN SWAROOP ADMN. OFF. 08/10/2009
30 UNITED INDIA INSURANCE CO.LTD. SATISH NAYAR
ASST ADMN OFF.
08/10/2009
31
CENTRAL BOARD OF EXCISE & CUSTOMS
BASETIYA DS SUPDT 20/10/2009
32
CENTRAL BOARD OF EXCISE & CUSTOMS
AJOY KUMAR PO 20/10/2009
33
CENTRAL BOARD OF EXCISE & CUSTOMS
RAJPUT PS AC 20/10/2009
34
CENTRAL BOARD OF EXCISE & CUSTOMS
V P PATKI SUPDT. 28/10/2009
35 CEMENT CORPORATION OF INDIA LTD ANAND DARBARI EX-CMD 21/10/2009
36 CENTRAL COALFIELDS LTD. REWATKAR DEEPAK BHAGWANJI DY. CME 08/10/2009
37 CENTRAL COALFIELDS LTD. YADAV BASUDEO PRASAD SUPDT. 08/10/2009
38 CENTRAL COALFIELDS LTD. DAS PRABODH KUMAR
SR. SURVEY OFFICER
08/10/2009
39
DEPARTMENT OF SCIENCE AND TECHNOLOGY
SHARMA DIWAKAR US 28/10/2009
40 HINDUSTAN INSECTICIDES LTD S BALASUBRAMANIAN
DY COMMERCIAL MGR
05/10/2009
41 HINDUSTAN INSECTICIDES LTD BABU TN
FINANCE MANAGER
05/10/2009
42 BUREAU OF INDIAN STANDARDS CHAUHAN L S STA 10/10/2009
43 DELHI DEVELOPMENT AUTHORITY M.K. SHARMA AE(C) 23/10/2009
44 DELHI DEVELOPMENT AUTHORITY RAJENDRA KUMAR EE(C) 23/10/2009
45 DELHI DEVELOPMENT AUTHORITY RAKESH CHATURVEDI AE(C) 23/10/2009
46 DELHI DEVELOPMENT AUTHORITY N.C. GUPTA AE(C) 23/10/2009
47 DELHI DEVELOPMENT AUTHORITY JEET SINGH JE 23/10/2009
48 DELHI DEVELOPMENT AUTHORITY RAJBIR SINGH JE 23/10/2009
49 DELHI DEVELOPMENT AUTHORITY CHARAT SINGH JE 23/10/2009
50 DELHI DEVELOPMENT AUTHORITY SAYEED AFTAB ALI JE 23/10/2009
51 DELHI DEVELOPMENT AUTHORITY P.K. ARORA JE 23/10/2009
52 DELHI DEVELOPMENT AUTHORITY H.R. SHARMA SR. AO 28/10/2009
53 DELHI DEVELOPMENT AUTHORITY J.S. ASNANI
THEN EE NOW SE
28/10/2009
54 DELHI DEVELOPMENT AUTHORITY LALIT MOHAN EE 28/10/2009
55 DELHI DEVELOPMENT AUTHORITY J.P. SHARMA LDC 28/10/2009
56 M.C.D. Y.P. SINGH JE 08/10/2009
57 M.C.D. RAVINDER SINGH AE 08/10/2009
58 M.C.D. BALVINDER SINGH AE 08/10/2009
59 M.C.D. D.K. GUPTA AE 08/10/2009
60
DEFENCE ACCOUNTS DEPARTMENT (C.G.D.A.)
R.S. KHAN IDAS 14/10/2009
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