MY DEAR FRIENDS,
ARE BANK EMPLOYEES' PENSION CORPUS FREE FROM EMBEZZLEMENT ? WHY DO WE DEMAND A CAG AUDIT ?
I HAVE LONG BACK RAISED THIS ISSUE SUPPORTED BY PRIMA FACE EVIDENCE WITH ALL THE CONCERNED AUTHORITIES AS DETAILED OUT IN MY FOLLOWING LINK:
ON ONE SIDE WE ARE BEING DEPRIVED OF OUR LEGITIMATE COMPENSATION AGAINST THE MOUNTING INFLATION WITH THE REASON - "PAUCITY OF FUNDS"
ON THE OTHER HAND , THE BANK MANAGEMENTS EXHIBIT OVER ENTHUSIASM BY SHOWERING BENEFITS TO THE INDUSTRIAL / BUSINESS TYCOONS EXORBITANTLY AT THE COST OF BANKS" EXCHEQUER.
AS RIGHTLY & APTLY OBSERVED BY NONE LESS THAN THE NATIONAL COMPANY LAW APPLET TRIBUNAL IN AMBANI'S CASE.
QUOTE:
==========================================
".... The NCLAT observed.....
that SBI was fooling them that they could recover Anil Ambani led defunct telecom company’s dues from Jio buy
out. The Tribunal Members found the connivance of lenders including SBI.... "
============================================
UNQUOTE:
A PUBLIC CHEAT INDEED !!.... (Click the link for more details)
https://drive.google.com/file/d/19UM1LYUdIuv0Qg3_0gXo-ueYzoT6nlPq/view?usp=sharing
WHEN IT COMES TO SHOWERING BENEFITS / CONCESSIONS TO BIG INDUSTRIAL TYCOONS, NO PAUCITY OF FUNDS.....
BUT THERE IS NO MONEY TO PAY THE LEGITIMATE PALTRY DUES PAYABLE TO BANK RETIREES WHO ARE HARD HIT BY INFLATION.......
" ROB PETER TO PAY PAUL" - THIS IS THE PHILOSOPHY OF THE MOF/IBA/UFBU......
IN THE ABOVE BACKDROP , I REQUESTED THE JUDICIARY / GOVERNMENT TO CAUSE AN AUDIT BY CAG , - THE ONLY CONSTITUTIONAL AUTHORITY
IN THIS CONNECTION, I AM VERY HAPPY TO SHARE A COMMUNICATION THAT I RECEIVED FROM COM. LAXMAN PARAB, THE GENERAL SECRETARY OF ALL INDIA RESERVE BANK RETIRED EMPLOYEES ASSOCIATION & I AM VERY MUCH THANKFUL TO HIM FOR HIS EVINCING KEEN INTEREST.
I AM ALSO THANKFUL TO ABRA FOR HAVING RESPONDED POSITIVELY WITH THEIR VALUABLE FEEDBACK.
QUOTE:
Laxman Parab • lrparab@hotmail.com
20 DECEMBER 2021 @ 19:08
To:
devulapallimurti@gmail.com
Laxman Parab
Gen.Secy,(AIRBREA)
ALL INDIA RESERVE BANK RETIRED EMPLOYEES ASSOCIATION
Dear Sir
I came across your struggle for Pension fund in Commercial Banks.
I salute to you for your crusade against unscrupulous machinery.
I tried to reach on addresses given over there. But unable to see your entire correspondence with SC and GOI on account of Technical Issues.
I being the General Secretary of All India Reserve Bank Retired Employees Association, wish to go through your entire correspondence.
I shall be obliged if you will please send on my mail address as follows .
lrparab@hotmail.com
Wish you all success in your sincere endevour.
With kind regards
Parab LR
GS, AIRBREA
20/12/2021
mob 9869021624
==========
[20/12, 8:24 pm]
Devulapalli Murti :
I Thankfully acknowledge your letter friend.
Regards .
UNQUOTE:
----------------------------------------------------------
AIBRA ALSO RESPONDED TO MY ABOVE PETITION THROUGH "CHANGEORG" IS NOW BEING FORWARDED TO YOU ALL ONLY TO REALISE & UNDERSTAND THE SERIOUSNESS OF THE ISSUE BEING CONFRONTED BY ALL OF US.
QUOTE
AIBRA
3 days ago
It is a common knowledge that the present accumulated bad debts of 45 lakh crores created by the public sector banks represent the outcome of wholesale distribution of cheap loans to corporate borrowers for “development” under the pretext of “ease of doing business” resulting in the creation of unprecedented level of NPAs.
Naturally, this has shaken the foundation of the strong banking edifice built over a period of five decades through the sweat and blood of sincere and loyal employees most of whom are now belonging to the community of pensioners.
As all banks are subjected to rigorous audit by RBI team every year, RBI Governor as the lender of the last resort, is bound to make good the “business loss” of banks, from the RBI Reserve Fund which has a corpus fund of Rs. 9.5 lakh crores maintained for this purpose.
There is no need for the banks to lay their hands on the sacred Pension Trust Fund which belongs to the seven lakh pensioners/family pensioners. By agreeing for the ill fated merger and privatisation plans intended to cover up the NPA scam, banks are trading with the loyalty of the pensioners while threatening the job security of over nine lakh serving staff.
Several instances of diversion of Pension Trust fund were already brought to the notice of the banks through separate petitions by various retiree groups; but no action has been taken so far.
As Trustees of the sacred Pension Trust Fund, banks are expected to safeguard and operate the fund strictly in terms of the Trust rules.
Remember, banks are also handling the Trusteeship business for customers by managing various private/public Trusts entrusted to them in confidence.
In the light of the fraudulent diversion from the pensioners Trust fund, what is the guarantee for the customers about the safety of their wealth entrusted with banks.
The business of banking is based on public trust and confidence and should be carried out in good faith and without negligence.
Whereas, the numerous revelations about the fraudulent diversion of Pension Trust Fund to settle NPAs, against the Trust rules, raises serious doubts about the safety of Trust funds because the fence has started eating the grass.
This exposes the hidden agenda behind the denial of pension updation benefits to the existing pensioners from their own Pension Trust Fund by arbitrarily fixing a cut off date by dividing a single class homogenous pensioners into two groups to deny updation benefits to the exsisting pensioners, in violation of the provisions of Article 14 of the Constitution .
The present betrayal of employees and customers by banks has no parallel in the 50 year old history of public sector banking in the country .
It is a confidence trick on the unsuspecting employees and poses a great challenge for the survival of the senior citizens-cum-pensioners who have put in more than three decades of unblemished service to the Nation before retirement and deserves a fair treatment during the final phase of their existence .
Bank employees, pensioners and depositors demand that the Pension Trust Fund should be subjected to a detailed audit by CAG and CBI and the account balance should be restored and secured from any misappropriation or embezzlement in future.
AIBRA
========
UNQUOTE:
MY DEAR FRIENDS,
.
I AM OF THE FIRM OPINION THAT MANY MORE SKELETONS WOULD FALL OUT OF THE CUPBOARDS OF MANY OTHER BANKS TOO, BESIDES PNB, OBC etc. AS ALREADY DETAILED OUT IN MY ABOVE COMMUNICATION LINK*
BANK RETIREE ORGANISATIONS ARE EXPECTED TO FIGHT OUT ON THE ABOVE LINES... BUT UNFORTUNATELY NOT SO IS THE CASE.
I CONGRATULATE & COMPLEMENT ABRA & MUCH IN PARTICULAR COM. LAXMAN PARAB, GENERAL SECRETARY OF ALL INDIA RESERVE BANK RETIRED EMPLOYEES ASSOCIATION FOR EVINCING KEEN INTEREST FOR THE CAUSE OF OUR LAMENTING FRATERNITY.
I ALSO EARNESTLY REQUEST YOU ALL TO RESPOND POSITIVELY WITH YOUR FEEDBACKS ONLY TO EXERT PRESSURE ON THE LEADERSHIP OF THE RETIREE ORGANISATIONS MUCH IN PARTICULAR.
OUR COMPLACENCY IS OUR ENEMY .... LET US IMBIBE THE FIGHTING SPIRIT FROM OUR RETIRED DEFENCE COLLEAGUES
"NO PAINS NO GAINS"
With the Divine blessings of Matha Kanaka Durga abode इन्द्रकीलाद्रि - विजयवाद Indrakeeladri- Vijayawada, we eagerly look forward to bring solace to the grief-stricken hearts of the bank retirees in general and the SUPER SENIORS IN PARTICULAR
“|| यतो धर्मस्ततो जयः ||”
IS THE ULTIMATE ......
I remain – Yours Honour ,
దేవులపల్లి శ్రీనివాస మూర్తి
DEVULAPALLI SRINIVASA MURTI
Flat # 102 "Sai Kunj " Lakshminarasimhapuram Colony , Hastinapur North - Hydearbad
DECEMBER 21, 2021