My Dear Friends,

I annex here the communication that contains the details of the Starred Question raised in the Parliament recently concerning the Mismanagement of Pension Corpus by PNB as forwarded by my learned  friend Com.Katari Satyanarayana garu. 

In this regard, you are quite aware of our efforts in taking up the matter with all the concerned for over one year under the caption -viz.

RE : EMBEZZLEMENT OF FUNDS IN THE EMPLOYEES PENSION CORPUS - THE LIFE-TIME SAVINGS OF THE THE BANK EMPLOYEES ARE IN DANGER -   REQUEST TO ORDER FOR "CAG" AUDIT - I PRAY HIS LORDSHIP - SRI RANJAN GOGOI, HON'BLE CHIEF JUSTICE OF INDIA - "SOS"

THE Latest one being is  that of my  letter (dated October 22, 2018)  to The Hon'ble Sri Ranjan Gogoi congratulating His Lordship on his assuming office as the Chief Justice of India, requesting to order for  CAG Audit. 

https://drive.google.com/file/d/1fkHK8zHZE-jCr8N8DJW8OGLkpstTOtg1/view?usp=sharing

https://drive.google.com/file/d/17zN0ySanlDZxYn86Ffou-QNeZQV6eTgX/view?usp=sharing

https://drive.google.com/file/d/1sS0JKYvCVEbOnOuRlJMoifiRnSukNfIx/view?usp=sharing

=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-

QUOTE:

https://drive.google.com/file/d/1fkHK8zHZE-jCr8N8DJW8OGLkpstTOtg1/view?usp=sharing

https://drive.google.com/file/d/17zN0ySanlDZxYn86Ffou-QNeZQV6eTgX/view?usp=sharing

https://drive.google.com/file/d/1sS0JKYvCVEbOnOuRlJMoifiRnSukNfIx/view?usp=sharing

Murti Devulapalli <devulapallimurti@gmail.com>

Fwd: [IBAP-Retirees]: Misappropriation of funds from pension fund by PNB - starred question in lol sabha
1 message

Katari Satyanarayana <satyakatar@ gmail.com>
5 January 2019 at 22:51
To: Srinivasa Murti Devulapalli <devulapallimurti@gmail.com>
 

---------- Forwarded message ---------
From: Viswanatham K B <kbvish2006@gmail.com>
Date: Sat, Jan 5, 2019 at 3:34 PM
Subject: [IBAP-Retirees]: Misappropriation of funds from pension fund by PNB - starred question in lol sabha
To: <ibap-retirees@googlegroups. com>

GOVERNMENT OF INDIA 

MINISTRY OF FINANCE 

LOK SABHA 

STARRED QUESTION NO:354ANSWERED ON: 04.01.2019Employees Pension and Gratuity FundsKIRIT SOMAIYA

 Will the Minister ofFINANCE be pleased to state:-

(a) whether the Government is aware of the misappropriation of Employees Pension Fund Trust and Gratuity Fund by the Punjab National Bank in the year 2016- 17 and if so, the details thereof; 

 (b) whether the Government has taken this issue seriously and issued direction for immediate audit to verify the quantum of misappropriation of money and if so, the details thereof; and 

 (c) whether any other action has been taken by the Government in this regard, if so, the details thereof and if not, the reasons therefor?

 ANSWERThe Finance Minister 

(a) to (c): A Statement is laid on the Table of the House.

 LOK SABHA STARRED QUESTION NO. *354 FOR ANSWER ON THE 4TH JANUARY, 2019 REGARDING ‘EMPLOYEES PENSION AND GRATUITY FUNDS TABLED BY DR KIRIT SOMAIYA, MEMBER OF PARLIAMENT

 (a) to (c): A reference was received from the Hon’ble Member regarding misappropriation of Employees Pension Fund Trust and Gratuity Fund in Punjab National Bank (PNB). The same was referred to PNB for placing the matter before the bank’s Audit Committee of the Board for necessary action. PNB has informed that there is no misappropriation of funds, and that the pension fund and gratuity fund trusts are separate entities and the bank is not authorised to operate the trusts’ accounts or transfer any amount from the trust. It has further informed that adequate funds for pension and gratuity are maintained as per actuarial valuation report without any exception, that the same are in strict compliance of Accounting Standards AS-15, and that these funds are duly audited by the bank’s Statutory Central Auditors every year. PNB has also apprised that no amount was taken back or withdrawn from the trusts’ accounts. With regard to placement of the matter before the bank’s Audit Committee of the Board (ACB), the bank has further apprised that the bank’s annual financial accounts for the financial year 2016-17 are audited by the bank’s Statutory Central Auditors and have already been approved by the ACB and the Board. The bank has reported that it has initiated steps to further lay the reference received as well before ACB. 

****************************** ***********

UNQUOTE:

With Regards and Greetings on the New Year eve. 

“|| यतो धर्मस्ततो जयः ||” IS THE ULTIMATE......

I remain Sirs - Yours ,

దేవులపల్లి శ్రీనివాస మూర్తి /  Devulapalli Srinivasa Murti