Millennium Post

Banks delay action against nearly 100 corrupt officers

Public sector banks have delayed action against nearly 100 corrupt officers despite the uproar over cases of bank fraud and non-performing assets, according to a CVC report. The Central Vigilance Commission (CVC) is awaiting sanction to prosecute 98 banks officials, including those at the level of Senior Manager, Chief Manager and General Manager allegedly involved in financial irregularities, for over the last four months.

Sanction for prosecution is also awaited in these 43 cases against 49 government officials. Of the 43 cases, the highest number of seven are pending with Indian Overseas Bank, two each with State Bank of India and Bank of India, and one each with Oriental Bank of Commerce, Corporation Bank, State Bank of Patiala, Exim Bank, Bank of Baroda, as per CVC's performance report for February.

As per norms, the matter of granting sanction for prosecution has to be decided within four months. "We have been raising the issue of delay in grant of sanction to prosecute corrupt officers in various inter- ministerial meetings. But still the number of cases continue to rise. We will write again to all the departments where such cases are pending," a senior CVC official said.
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