Bankers are raising this demand not for the first time, but in the past too they have put such demand before Ministry of Finance to get patronage from them so that their evil works are not subjected to scanning by any other agency. They want to cover up their evil acts by submitting a purchased certificate from team of Chartered Accountants and Rating Agencies.
It seems to me as ridiculous because record of last three four decades make it crystal clear that none of top officials of banks or PSU has been punished for their involvement in corruption.
An individual , posted in any post from top to bottom in any office is punished only when he or she is thorn in the eyes of his or her bosses. To make it more clear , a government employees is safe as long as he or she is flatterer to his bosses and blidly follow the instruction of bosses without verifying the fact that the instruction given are lawful or not, morally right or not. On the contrary if an officer starts saying spade a spade, he has to face consequences even for small lapses.
Based on facts and figure related to cases related to corruption filed in the office of CBI , CVC, CVO , Anti Corruption Bureau or filed in court of law and then analysing their rate of disposal, time taken in disposing off such cases, reasons behind closure of such cases, pending cases in want of permission from government , it can safely be said that government has willfully kept these bodies weak and ineffective .
For this purpose it is well thought stretegy of the government has always been to keep these bodies disabled and provided with inadequate manpower and inadequate infrastructure. They have tactfully but wilfully weakened judicial system as also investigating agencies like CBI or CVC or other anti corruption agencies so that action against erring officers and politicians can be manipulated as per their whims and fancies.
In other words, it will not be an exaggeration to say that administrative, investigative and judicial machinery all have collapsed in our country. Let us see what new governmemnt led by NDA do it to change the culture which has taken deep root during regime of past governments.
In my view there is wilful conspiracy to keep these bodies weak, ineffective and by building undue pressure of whimsical transfer and arbitrary rejection in promotion processes. Adequate staff are not provided to judiciary also so that aggrieved employees cannot get justice even from court of law..
Inefficient , incapable , unskilled , untrained, unwilled and corrupt persons are mostly and wilfully provided to the valuable offices of CBI, Anti Corruption Bureau, Audit and Inspection department,Office of CAG, offices of CVC, offices of Chief vigilence Officers situated in various public sector undertakings so that none of cases pertaining to key figures can be decided in time .
Whenever it is found by powerful politicians that any judge or any CBI official or any Vigilance officers is likely to prove charges of corruption against their friends, relatives and their political colleagues, such officers are immediately transferred to some critical, sensitive and remote places.
Rich people use their money and muscle powers to torture investigating officials, witnesses and police officials to weaken the case or to ensure the closure of the case or to postpone the hearing for an indefinite period.
Can any government stop such whimsical and arbitrary transfers and rejection in promotion processes.?
Can any government ensure adequate staff at all Anti Corruption bodies ?
Can government take the risk of providing efficient , effective, honest, stern,capable, skilled and well trained person to important bodies like CBI, High Courts, Supreme Court, Lower Courts, CVC or existing Ombudsman or in proposed office of Lokpal or Lokayukta?
It is bitter truth that most of officials working as Vigilance officers in various Public Sector Undertakings, banks, insurance companies have totally failed to stop corruption in such offices.
Thousands of cases related to corruption of employees of the organisation remains pending for years in the offices of Internal Vigilance Officers built in all government offices and eventually corrupt officials are exonerated or allowed safe retirement or at most motivated to submit resignation letter to finally close the files related to corruption, fraud and cheating.
How can anyone dream of justice in such offices where even protectors are corrupt and damagers. Even vigilance officers , audit officers and inspecting officers are bribed to close the file or weaken the case or to keep the case pending on flimsy ground for decades.
PSU banks seek shield from CBI, CVC on loans
-Times of India 7th June 2016
State-run banks have sought immunity from "unnecessary oversight" from agencies such as the Central Bureau of Investigation and the Central Vigilance Commission on decisions related to loans that are taken collectively.
Bankers told TOIthat the issue has been flagged to the Bank Board Bureau (BBB) headed by former Comptroller and Auditor General Vinod Rai and also came up for discussion with finance minister Arun Jaitley on Monday in the context of settling loans on "commercial terms". "Gone are the days when one bank chairman could decide. We now follow a committee-driven approach where a group of people decide on every case. Subjecting bankers to unnecessary harassment, which often takes place after retirement, is impacting decisionmaking," a bank chief said. The latest move from banks comes against the backdrop of the high-profile case where former liquor baron Vijay Mallya has dues of close to Rs 9,000 crore and banks have mounted massive efforts to get the businessman to pay back. In the past, even top civil servants have expressed concern over the "unwarranted scrutiny" by the CBI and CVC, which they say hampers quicker decision making.
Typically, a decision is taken by a consortium of banks and is then endorsed by the respective boards. In recent years, the CBI has questioned the decision of even committees set up by banks which have taken commercial decisions, bankers said. "Which chairman will decide if your decisions are challenged regularly? We have suggested that the government speak to the agencies and sensitize them about the need to avoid unnecessary scrutiny in case of collective decisions," the bank CEO said.
Bankers told TOIthat the issue has been flagged to the Bank Board Bureau (BBB) headed by former Comptroller and Auditor General Vinod Rai and also came up for discussion with finance minister Arun Jaitley on Monday in the context of settling loans on "commercial terms". "Gone are the days when one bank chairman could decide. We now follow a committee-driven approach where a group of people decide on every case. Subjecting bankers to unnecessary harassment, which often takes place after retirement, is impacting decisionmaking," a bank chief said. The latest move from banks comes against the backdrop of the high-profile case where former liquor baron Vijay Mallya has dues of close to Rs 9,000 crore and banks have mounted massive efforts to get the businessman to pay back. In the past, even top civil servants have expressed concern over the "unwarranted scrutiny" by the CBI and CVC, which they say hampers quicker decision making.
Typically, a decision is taken by a consortium of banks and is then endorsed by the respective boards. In recent years, the CBI has questioned the decision of even committees set up by banks which have taken commercial decisions, bankers said. "Which chairman will decide if your decisions are challenged regularly? We have suggested that the government speak to the agencies and sensitize them about the need to avoid unnecessary scrutiny in case of collective decisions," the bank CEO said.
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