CVC seeks help of bank officials in investigating corruption cases

The Central Vigilance Commission (CVC) has decided to expand its pool of officers drawn from public sector banks to help it probe corruption complaints in the banking sector.

The Central Vigilance Commission has written to several public sector banks asking them to send a list of interested officers of deputy general manager (DGM) level who can serve as advisers in the commission.

The commission has been obtaining services of deputy general manager-level officers from public sector banks to handle vigilance matters relating to the banking sector.

‘Such officers are designated as advisors in the commission and would continue to be on the strength of the bank which would bear all financial liabilities pertaining to his service,’ said the letter to the general managers of public sector banks.

At present, there are three officers, drawn from public sector banks, working in the commission, it said. Further need for adviser, banking are likely to arise in the near future.

‘It is, therefore, requested that a panel of suitable or interested officers of DGM-level from your bank 

may be sent to the commission by 15 November,’ reads the letter issued to GMs of State 

Bank of India, Bank of Baroda, Punjab National Bank, Central Bank of India, Canara Bank and Oriental Bank of Commerce, among others.

The commission had in September formed a four-member advisory board, headed by former Vigilance Commissioner Ranjana Kumar, to assist it and CBI in examining matters related to 

bank, commercial and financial frauds.