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	<title>Diwala.com &#187; corrupt bank chiefs</title>
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		<title>Resumes of the some of The Corrupt Heads of Indian Nationalized Banks</title>
		<link>http://www.diwala.com/104/resumes-of-the-some-of-the-corrupt-heads-of-indian-nationalized-banks/</link>
		<comments>http://www.diwala.com/104/resumes-of-the-some-of-the-corrupt-heads-of-indian-nationalized-banks/#comments</comments>
		<pubDate>Fri, 18 Sep 2009 21:18:06 +0000</pubDate>
		<dc:creator>raj</dc:creator>
				<category><![CDATA[Corporations]]></category>
		<category><![CDATA[corrupt bank chiefs]]></category>

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		<description><![CDATA[Curriculum Vitae of the some of The Corrupt Heads of Indian
Nationalized Banks 
]]></description>
			<content:encoded><![CDATA[<p>India has a population of more than One Billion. India is the<br />
biggest democratic Country in the world. India&#8217;s economy is seems to be<br />
sound. India&#8217;s GDP is also improving. <span style="border-bottom: #003366 1px solid;padding-bottom: 1px;line-height: 1em;background-color: transparent;width: auto;color: #003366;margin-left: 0px;font-size: 1em;cursor: pointer;text-decoration: underline">Share</span> Market is also booming day<br />
by day.Foreign Direct Investments are increasing too. But we should<br />
also see the other side of the <span style="border-bottom: #003366 1px solid;padding-bottom: 1px;line-height: 1em;background-color: transparent;width: auto;color: #003366;margin-left: 0px;font-size: 1em;cursor: pointer;text-decoration: underline">Coin</span> also.</p>
<p>The Credentials of some of the Heads of these Nationalized Banks are as<br />
follows.</p>
<p>Punjab National Bank</p>
<p>Mr. S S Kohli, the Chairman Cum Managing <span style="border-bottom: #003366 1px solid;padding-bottom: 1px;line-height: 1em;background-color: transparent;width: auto;color: #003366;margin-left: 0px;font-size: 1em;cursor: pointer;text-decoration: underline">Director</span> of Punjab National<br />
Bank sanctioned and disbursed more than Rs. 30 Crores to an absconder,<br />
a Member of Parliament of Bhartiya Janta Party, Mr. Kanak Sinh<br />
Mangrola, MP of BJP could get loan on fictitious bills. During Police<br />
interrogation, he confessed of paying bribe to the Chairman Cum<br />
Managing Director of Punjab National Bank. Crores of Rupees have been<br />
sanctioned and disbursed to such cheaters and all accounts are either<br />
become NPA or will be soon.</p>
<p>Andhra Bank</p>
<p>Mr. Naraysami, the Chairman Cum Managing Director of Andhra Bank,<br />
sanctioned and disbursed crores of Rupees to fictitious Exporters. The<br />
case was registered by the Prime Investigative Agency, Central Bureau<br />
of Investigation, India and some of the officials have been arrested<br />
and suspended. During interrogation, they had confessed of involvement<br />
of Mr. Naryansami, the Chairman Cum Managing Director of Andhra Bank.<br />
Mr. Narayansami had <span style="border-bottom: #003366 1px solid;padding-bottom: 1px;line-height: 1em;background-color: transparent;width: auto;color: #003366;margin-left: 0px;font-size: 1em;cursor: pointer;text-decoration: underline">paid</span> crores of Rupees to officers of Finance<br />
Ministry and BJP leaders and hence is scot free, busy in more<br />
corruption and threatening this new channel every day. Mr. Naraynsami<br />
had sanctioned crores of Rupees to the cheaters, the money of which<br />
will never be returned back.</p>
<p>Bank of Baroda</p>
<p>Bank of Baroda tried to finance Terrorist Groups involving India,<br />
Pakistan, UK, Pakistan, USA and Kuwait. Bank of Baroda&#8217;s officers<br />
counter confirmed the Bank Guarantees of more than U.S. $ 80 millions<br />
on forge bills. Mr. P S Shinoy as Chairman cum Managing Director<br />
shielded the corrupt officers.</p>
<p>Bank of Baroda sanctioned Crores of Rupees to more than 100 numbers of<br />
fictitious, 100% Export Oriented <span style="border-bottom: #003366 1px solid;padding-bottom: 1px;line-height: 1em;background-color: transparent;width: auto;color: #003366;margin-left: 0px;font-size: 1em;cursor: pointer;text-decoration: underline">Units</span>. Central Excise and Customs<br />
Department of Government of India have arrested most of the owners of<br />
these units. Customs department have already issued crores of Rupees<br />
show cause notices to these units. The efficient finance minister of<br />
India had already suspended 46 officials of Central Excise and Customs.<br />
But Mr. P S Shinoy, as The Chairman Cum Managing Director of Bank is<br />
promoting these corrupt officials. On the top of them are Mr.<br />
Vaidanathan and Mr. Prabhu, their most trusted lieutenants in this<br />
corrupt scandal.</p>
<p>Unit Trust of India</p>
<p>Mr. M Damodaran, as Chief of Unit Trust of India and all its<br />
subsidiaries sold State Emblem of India for mere Rs. One Lac. (U.S. $<br />
2000.00), Unit Trust of India had made losses of more than Rs. 10,000<br />
Crores at a time when BJP was in power. There was a large scale<br />
corruption in Corruption in UTI and thus UTI had to made losses of more<br />
than Rs. 10,000.00. This Unit Trust of India made corruption in<br />
printing of PAN cards. Mr. R Damodaran promoted the officials<br />
responsible for such large scale corruption. Congress Government could<br />
show power and now UTI is relieved from M Damodaran. But no corrupt<br />
official have been punished till date. Mr. Damaodarn is still the chief<br />
of IDBI and any body can guess the fate of IDBI, another prime Bank of<br />
India having multiple objects in Indian economy.</p>
<p>Vijaya Bank</p>
<p>In day Light robbery, Mr. M S Kapoor, the Chairman Cum Managing<br />
Director of Vijaya Bank could manage to steal his file from Banking<br />
Vigilance Department. There were serious corruptions allegations<br />
against him and the enquiry was in the last stages. Only one or two<br />
officials were transferred from Banking Vigilance Department and the<br />
enquiry have been kept under abeyance with the orders of some higher<br />
authorities.</p>
<p>Central Bank of India</p>
<p>During Office Hours, from the office of Under Secretary, Mr. Dalbir<br />
Singh , Chairman Cum Managing Director of Central Bank took away his<br />
secret Vigilance file. This file was of highly confidential nature and<br />
enquiries were in the last stage about serious corruption charges<br />
against him. Indian Government has taken no action. Mr. Dalbir Singh<br />
was also the Chairman of Indian Bank Association. Under the umbrella of<br />
Indian Bank Association, all Indian banks work.</p>
<p>All what is written above is based on documentation available in Indian<br />
Government Files.</p>
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