Right hand of CMD accused in Rs.14.28 crore fraud

This refers to news items that union bank official (General Manager who is right hand of CMD of the bank) accused in Rs.14.28 crore fraud published in newspaper.

There are many such instances in the bank. When person with the help of www is promoted, when yesmanism is the sole criteria for promotion in any industry, it is unavoidable and quite certain that branches of that bank will be manned by poor quality officers, administrative offices will be manned by corrupt officials and the consequence is (more often than not) that quality of assets of such bank is so bad that ultimately it cause loss to the bank. It is different that exposure of such bad persons take place not by inherent strength of system but due to weakness of borrowers or some public complaints which seldom occurs. But by the time such exposure takes place it is too late. Not only have this, such corrupt officers caused huge losses to human resource by rejecting good officers in promotion processes. Therefore until the root cause of malady is removed such instances will continue to spurt in future.

There are many such GMs, DGMs, and AGMs. who have got elevated to such high post by dint of not their good work but by their habit of keeping their bosses happy and by indulging in unabated flattery and extending costly gifts to their bosses. This is bitter truth of entire system. Who will cure it when birds of the same feather have flocked in the top echelon?

Such person must be hanged because they have spoilt the career of several good officers. Without flattery and extending gifts, costly gifts one cannot dream of promotion whatsoever talented he or she may be. Such instances of involvement of GM of a bank in fraud also cast aspersion on the honesty and integrity of CMD of the Bank. There are many victims of malafide intention of such top officials