Corruption IS Incurable Cancer

Government ruling the country from Delhi decides the direction of the country and slowly unwritten message reaches in the minds of all officers and ministers. Similarly Ministers are role models for MLAs, MPs, Powerful junior level politicians and supporting political workers. In the same way CMD and ED of a bank decides work culture of that bank.

Ministers need not accept bribe money personally in hand and leave a proof of corruption. The lip movement, eye movement and facial expression of ministers in dialogue, in office and in public meetings are enough to indicate the aspirations of a minister. If the minister is characterless, greedy and corrupt , there are hundreds and thousands of service man and business man who are ready to offer bundle of notes , wine and woman as per whims and fancies of the minister in lieu of various license, rebates, tax evasion and clearance from charges of corruption.. 

This is why none of ministers are punished even if he or she has accumulated wealth of hundreds of crores of rupees in a span of two or three years..CVC, CBI, Audit and all have to work under the power of ministers and to protect his family from critical transfers and rejection in promotions. He or she has to flatter ministers and follow the way minister like and discard the work style which ministers dislike. If unfortunately a dispute arises in sharing of bribe money among various politicians and officers and media men, then and then only the exposure takes place and immediately the game to close the files starts .

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Similarly when an officer joins as Executive Director or as Chairman and Managing Director of a bank , the message percolates down the field level branches in a month or two about the liking and disliking of CMD,  character, honesty , sincerity towards work and his conditions for sanction of loan or supply work is conveyed to all nook and corner of the country without any written circular. 

In the same way as soon as an officer joins as Regional Head or Branch Head , junior level officers understand how to perform and how to pass the time under his leadership, whether to bring illegal deposits, whether to earn bribe in sanction of loans, whether to get commission in allotment of supply order or in purchase of goods and services.

When a hard and honest officer joins as Regional Head, corruption at branch level subside and on the contrary if the head is bribe earner, field functionaries start scoring fours and sixers . After all audit head, vigilance head, HR head or IR head or UNION head all have to work in tune with Regional Head and Zonal Head and finally in uniformity with Bank Head. ..As soon as an honest and hard SP joins a district , all criminals fly away from the district and vice versa.

This is why I always use to say that it is always the Head of an organization which creates or vitiates the work culture , who make or mar the future of the organization , who promotes flattery and bribery in workforce under him or who inculcate honest and performing work culture. . Juniors have very little role to play and for survival peacefully in the system, he or she has to follow the dictates of the boss under whom he or she has to work. TN Shesan , ex Election Commissioner paved the way to move for all election commissioners and made his brand image .Sri Vinod Roy like persons are very few in audit departments. Khemka like persons are thrown away from the system. And so on.

When the question of ROTI, Employment, and Family peace comes to the mind of a honest worker, he is tempted to discard his honesty and follow the way and path a bad boss dictates verbally or on phone. .

This is why top bosses are never taken to task and this is also undeniable true that as long as top bosses are not taken to task , culture cannot change at field level 

In our country police officer is master of Thieves, when CVC is protectors of corrupt executives and politicians , when CBI is puppet in the hands of Ruling Party leaders , one cannot imagine of any action against the real culprit.

RBI and Ministry of Finance are those who appoint corrupt bankers as CMD or ED or director of any bank, Auditors are manageable by companies and so on. There is none as such who can be relied upon for honest inquiry and honest action. 

Indian judiciary is also Bhagwan Bharose, delivers justice after two or three or four decades and sometimes that also fail like in the case of Sikh Riot or Lalit Narayan Mishra case.

Corrupt bankers have been advised by finance Minister to investigate into charges leveled by Cobrapost .It will be foolish to expect a corrupt officer will accept and admit the corruption of his subordinate. None of bankers have courage and neither have willingness to say spade a spade. They will make all efforts to prove that Cobrapost exposure is false and meaningless. 

 Dy governor RBI has already exonerated CMD of private banks and there is no doubt that he will give clean chit to CMDs of all public sector banks. Because they give the logic that Cobrapost has exposed the fraudulent business model of banks which promotes black money and money laundering but has not proved that actual fraud has taken place. He says attempt to dacoity ,attempt to loot attempt to kill, attempt to rape are not crime as long as he is caught in camera that he has looted the money and flied away, he has raped and flied  etc 

RBI and MOF are therefore still not ready to understand that there is much blacker picture hidden in books of accounts of all banks and all companies. Black money is parked in all banks and every layman knows it very well.

Our Finance Minister has already expressed apprehension that if ED accepts all cases and starts investigation, people will not work, and business will not grow and so on. As such he use to restrain ED or CBI or Anti corruption bureau or RBI or Mr. D K. Mittal when they try to impose discipline and rule of law.

Government accept it or not , the bitter truth is that all politicians and all companies including banks and insurance companies are indulged in unlawful and illegal activities to achieve various targets set by Government of India. Bank executives get promotion by achieving target through ill ways and means, and it is nothing but open secret. 

It is a undeniable truth that 75 out of 100 successful Branch Heads , Regional heads, Zonal Heads, Circle heads and Bank Heads (CMD) are ready to accept black money to increase their deposit base and to achieve the target. They are ready to even spend some money (pay bribe out of bribe earned on sanction of loans or by debiting expenses or by personal salary) to mobilise deposit from government department. 

When majority of successful bankers use illegal means to acquire deposit and get promotion , how it can be expected these senior officers will honestly punish the real culprit. At best they will take action against a few officers whose face and name has figured in Video camera and in sting operation carried out by Cobrapost. 

When majority of officers are birds of same feather, real action cannot be taken against real culprit who has propagated wrong business model and who have vitiated work culture.In fact a bank officer cannot get success in his life and cannot get promotion even in decades if he or she sticks to set rules and laws . 

The bad culture is so deep rooted in the blood of so called successful bank executives that an officer is tempted to resort to accept even bad money to achieve the target and to grow in his or her career path. In fact all those officers who are sitting at key posts have resorted to bad means for mobilisation of deposits. It is undeniable bitter truth of banking at all level.  

There are about one lac branches of banks all over the country, and in at least 10000 branches, officers apply all right or wrong methods to achieve the target fixed for deposits. Bad culture of deposit mobilization is not new in banks, this bad culture has been continuing for decades and will be found in almost all branches of all banks.

Can government and RBI has capacity to inquire into conduct of all these ill-motivated officers who are selling all ethics to get quick promotion and to get large sum as incentives? 

Even Chief Vigilance Officers or Chief Vigilance commissioners or CBI or team of auditors knows  the art of closing the files of corruption if they are assigned the task of investigation by bank management.

Auditors have been certifying the correctness of balance sheet of all companies but ninety percent of Balance sheets are manipulated and have got no relevance with real truth of accounts.

Majority of Ministers are facing corruption charges, they do not have time to look into or even peep into Cobrapost exposure. They will very soon announce that banks are safe and there is no violation of KYC norms as they say there is no violation of norms set by RBI for income recognition and asset classification of banks. All senior officers and all ministers will exert their best efforts and leave no stone upturned to give clean chit to senior bankers by making some of junior level officers as scapegoat.

After all, this in a well established Indian culture. People now say  “Sab Chalta Hai”

Give all protection to dishonest and punish or sideline all honest persons so that corrupt line of action may be continued for good and forever and which helps in growth of personal wealth of all powerful officers and powerful politicians.

Latest News 6th May 2013  Government Asks CMDS of Public Sector Banks and LIC to Initiate Immediate Action Against those Exposed by Cobrapost, Red Spider 2 Expose

In connection with Cobrapost, Red Spider 2 Expose that was released today morning, the Secretary, Department of Financial Services Shri Rajiv Takru has asked the Chairman cum Managing Directors (CMDs) of various Public Sector Banks (PSBs) Including Allahabad Bank. Andhra Bank, Bank of Baroda, Bank of India ,Bank of Maharashtra, Central Bank of India, Dena Bank, Indian Overseas Bank, Punjab and Sind Bank, Punjab National Bank, UCO Bank, United Bank of India, Vijaya Bank, State Bank of India, State Bank of Bikaner & Jaipur, State Bank of Patiala, State Bank of Hyderabad, State Bank of Travancore, Indian Bank, Corporation Bank, Union Bank of India, Canara Bank, IDBI Bank, Syndicate Bank, Oriental Bank of Commerce, State Bank of Mysore as well as Life Insurance Corporation(LIC) of India for an immediate action as follows: (i) Any officer/employee of your bank/institution who clearly appears to be advising potential customers along lines that would be an infringement of the legal process/could facilitate money laundering/could defeat the KYC norms or the norms of due diligence prescribed by RBI and the law from time to time, may be placed under suspension with immediate effect pending inquiry. The bank may initiate a detailed scrutiny of such officer’s work and institute a special audit, if necessary, for this purpose. The inquiry must be initiated and completed expeditiously. (ii) In case where the behaviour and conduct of the officer / agent is not such as would attract point (i) above but fails to meet the standards of conduct and behaviour expected of an officer / employee / agent of a public sector institution and/or brings the institution or is likely to bring the institution into disrepute, such person may immediately be divested of their work / portfolio and advised to voluntarily proceed on leave while a detailed examination on the same lines as above is conducted. Beside compliance on above points, the Secretary, Financial Services has also asked for a detailed report on utmost priority with the name of the employee/designation and action taken.