Ex-Finance Secretary Says PNB Fraud Not Possible Without Senior Bank Staffers

Former Finance Secretary R.S Gujaral speaking on the megabank scam at Punjab National bank has said that bank fraud of such massive proportion is not possible at junior level officers and shows the involvement of higher bank authorities.
___
About Channel:

India Today TV is India's leading English News Channel.

India Today YouTube channel offers latest news videos on Politics, Business, Cricket, Bollywood, Lifestyle, Auto, Technology, Travel, Entertainment and a lot more.

Stay tuned for latest updates and in-depth analysis of News from India and around the World!

___

_

Follow us:

[rajeshvyas]

The senior bank managers of all banks must be investigated thoroughly for their assets, the assets will be found disproportionate to their incomes for sure. Investigate these THUGS and try them in fast track courts and send them to jail ASAP.

[OnkarSingh-lqck]

The top Politicians also ring up the top bank management and the verbal message passes down the line. Which Politician rang up the PNB ? This question should be investigated and examined with a magnifying glass !!

[krsamysmith]

Catch the Finance Secretary and Finance Minister from 2011 through 2016 regardless of Party !!!

[kalamkhan-kuql]

This is not political blame game, what kajriwal is saying is a fact.

[secretarykanchanjunga]

" Desh ka sabse bada Watchman why quiet ? Has he become Moun singh on this subject '

[rnkapur]

AS AN OLD BANKER I DULY ENDORSE THE POINTS MENTIONED BY MR.GUJRAL.THERE ARE FOUR STAGES OF AUDIT: A)STATUATORY AUDIT AT 31/3/EVERY YEAR.B)INTERNAL AUDIT EVERY YEAR. C)CONCURRENT AUDIT ON DAILY BASIS BY INTERNAL AUDITOR SITTING IN THE BRANCH AND D)RESERVE BANK AUDIT.IF WE GO THROUGH THE AMOUNT OF" LETTER OF UNDERTAKING" BRANCHES HAVE NO AUTHORITY TO SANCTION SUCH UNDERTAKINGS. AS SUCH THIS FRAUD OF UNDERTSKINGS TO THE TUNE OF 11800CRORES IS IN CONNIVANCE WITH THE BANK MANAGEMENT SAY CMD, BOARD OFFICIALS AND ABOVE ALL POLITICAL BOSSES.THE PRESENT ESTABLISHMENT IS MAKING FOOLS OF PEOPLE AND MEDIA IS ALSO BEHIND THEM. I AM SURE IF "MEDIA"TAKES AN INDEPENDENT VIEW AND VISIT SOME OF THE BANKS THEY WILL ENDORSE WHAT MR.GUJRAL AND I SAY TRUE. THEY SHOULD NOT DISPLAY WHAT FEKU AND CO.SAYS.

[madhavakhula]

Make banking system scamproof foolproof by taking strict action on all those responsible for it

[mkhalidanwarkhan]

NCR mein kitne Builders hain jinhon ne Hazaro Hazar logon ka paisa le liya hai ke unko flat denge.
Shri jately Sb ko pata hai, .Log unse mile hain . Unse aur Govt .se appeal hai ke Govt logon ko unka flat dilwaen. Logon ne Apne Zindagi bhar ki kamai laga diya hai.
Bahut upkar hoga. Nahi to yeh builder bhi kisi ko paise de kar videsh bhag jayenge.

[ramkyr]

What happens to audit system. How the quarterly results reported with out this funds in place? I can't trust any company results in this case. How FII's will trust and invest in India?

[mkhalidanwarkhan]

Abhi bhi waqt hai ke aur log bhi bhag na jayen . Jitne bade industriaist / Builders hain, aur unhon logon ka / Bank ka paisa liya hai . Agar prpoer guarantee / property nahi hai, sakht nazar Govt . ko rakhna padega . Nahi to ulta ho jayega kala dhan lane ke badle India ka ujla dhan chala chayega .
Sare sarkari Bank wale apna khata check kar lein aur Govt ko batayen apni position .

[krbaig]

Finance Secretary says...He says....She Says...BJP says congress says...What have you Godi Media to Show ..Act as promoter Brokers for Parties. ?

[Iqbalqazi]

Bade Modi ne chote Modi ku bhaga Diya. Waisa bhi chote Modi ka Mama ( Mehul Chuksi) bharatwasiyoo ke Chukidar ka Yaar hai

[anymedia]

First Mr Manmohan Shing to answer and now the government must confiusicat pass port of Mr Rahul and MrsSonya other wise one fine morning they may vanish then Mr Modi may ask to answer because they all so fashing case in court

[mohanmenon]

This man called Tragedywal should first take lessons in law before asking when will Nirav Modi be bought back etc Have we brought back Dawood Ibrahim?

[SrinathV]

Wtf 20000 crore loss if loans pending are added political pressure is definitely behind this who funded huge NAMO campaign in 2014? Only corporates