Charge sheeting by my employer
ashok k rao
(Querist) 27 March 2012
This query is : Resolved
Hi,
Story - A co-operative Bank in Bengaluru has financed 35 flats to the buyers who were brought to the bank for loans, without properly verifying the credentials by the then Divisional Manager and Branch manager.
2. The builder was repaying the instalments on his own and many buyers were not even aware of the loan or instalments since they were all paid their share of commission to take the loan.
3. When I joined this bank about 1+ year before and got posted to this branch as Branch Manager, I understood the game and protested.
4. However, to recover a part of the loan, I was requested by the bosses to inspect a vaulable property in builder's wife's name which I did and a loan was approved.
5. Subsequently, he stopped paying the loan and the bank woke up. By that time, other banks with whom he had played, had initiated action against the builder and he is behind bars now for various offenses.
6. The Divisional Manager and the Loan officer of the branch are charge sheeted and under suspension. Other 10+ officials who processed the loans etc have been show caused. For issuing NOCs and inspecting the property I have also been show-caused and now received a flimsy charge sheet when the bank has not lost anything by these acts of mine.
The erstwhile Branch manager has since retired who was majorly responsible for lapses of processing, releasing, filing false inspection reports etc. Even the valuer who inflated the valuations has been scot free. I am demanding the bank to charge the erstwhile BM who has since retired. One Junior Officer has been also charge sheeted without giving show cause.
1. Can the retired official be charge sheeted?
2. I have no involvement in these loans, no loss to the bank-is the bank right in issuing me charge sheet?
3.I was asking the higher ups to charge the builder at that time and no action since they were scared that he might stop paying the loans.
There are many more who are into this but not charged by the bank due to contacts.
What to do?
regards,
ashok k rao
bengaluru
8095179247
Guest
(Expert) 27 March 2012
In the whole story, you have nowhere indicated even slightly whether you have been charge sheeted in respect of the loans pertaining to the period of previous branch manager or for a case of property of builder's wife by you.
You have also not made any mention what actually is the charge against you.
ashok k rao
(Querist) 27 March 2012
1. The bank says that I have issued NOC in the name of the borrower instead of issuing the NOC in the name of a specified bank. There is no violation of the rule and there is no loss to the bank since all the properties for which NOC were issued are with the bank still.
2. The bank says that after visiting the property, I have recommended the loan in the visit report which is not correct. I have not even submitted the proposal recommended as per the bank's guidelines nor i have specified any amount.
i am sending you the scanned copies separately.
regards,
ashok k rao (I spoke to you Mr Dhingra just now).
bengaluru
8095179247
Guest
(Expert) 27 March 2012
Still incomplete reply. NOC for what purpose, on whose requisition or direction?
