Raju, Radia and Raja

Banks show performance reports in attractive way just as Mr. Raju used to do in Satyam Computers by managing corrupt team of Chartered Accountants called as CAs. In our country the real orinators, collaborators, promoters and supporters of corrupt practices are CAs who can sign and manipulate balance sheet of any small or big businessmen provided they are given money and gifts as they desire. It is therefore wise to learn tips from CA as CMD of all businessmen, banks, insurance companies, and government offices are doing. In Public Sector banks, all bad assets are treated as good assets by keeping Teams of CAs happy as Raju of Satyam Computers used to do before he admitted his fault in 2008.

Similarly another tip to become great is to become person like Mr. Raja, the Telecommunications Minister who by dint of his relations with party bosses could dare ignore even letters of PM and advices of other advice providers. Banks do not listen to what Ministers preach before public and before rural, innocent , illiterate and simple hearted voters but always do what Minister want to do for them in private.CMD or ED or GM or DGM or AGM or CM are busy in earning money through lending to big corporate and real estate developers only because they possess ample expertise in art of speaking , they know how to polish officials in MOF and Banking Division.

 Third important tip is to maintain good relation with top officers and keep friendship with lobbyist like Ms Radia, the great lobbyist who used to create harmony among government officials, Ministers and Corporate became owner of property worth hundreds of crores of rupees within a few years only. Lobbyist in general use to convince Ministers and government officials to ensure suitable Laws, subsidy and favour to business community, appointments of ministers in Central Cabinet, appointment of person as directors of various PSUs, promotion of officials in Public sector undertakings, managing media men and journalists and what not simply by exchange of gift in cash and kind from one corner to other and taking a share in all such malicious deals.

It means flattery and yesmenism are the keys to sure success. No other merit is needed for going up in the life. Most of the honest officers workers are sidelined by top bosses and rejected in interviews conducted for promotion. Only in such environment and with such corrupt culture, one can dream to become powerful and wealthy like Raju, Raja and Radia easily and comfortably. 


Even if such high profile people are corrupt and non performer ,  success is  inevitable for them provided they are successful manipulator, flatterer and donor of gifts and bribe to their bosses. Even charge sheeted and corrupt officer can be appointed as CVC provided he or she possesses above mentioned qualities similar to person like Thomas who became CVC. Many corrupt bankers have become CMD, ED, GM, DGM, AGM, CM in a bank by dint of above mentioned qualities or by offering WWW.

I just want to establish the truth that when top ranked officers are bad, one cannot expect justice whatsoever even through knocking the doors of justice. When CVC Mr. Thomas is of doubtful integrity and charged with corruption, he cannot give justice to good officers working under him or who lies within the area of his control and monitoring. When whistle blowers are burnt to death or murdered by musclemen of corrupt officials and corrupt politicians. Honest officers cannot imagine of any good results from the policy of Whistle Blower announced by government of India.

Manmohan Singh PM with his clean image could not take action against corrupt officials during last six years to demonstrate that he can take stern action against any corrupt person whatsoever he or she may be. But corrupt officials and ill motivated and black marketeer businessmen have demonstrated several times that they can finish any whistle blower who tries to disturb their business of earning money through bad methods.Manmohan Singh like person can only make ridiculous excuses that he was not aware of charges against Mr. Thomas before his appointment as CVC or he had objected through letters to what Mr. Raja was doing as Telecom Minister.

Root cause of all corruption is whimsical appointment and arbitrary promotions and posting done by high ranked officers.

Interview at the time of fresh recruitment of an officer is imaginable and may be justified but what is the importance of Interview for promotion of well experienced, well tested and well attested officers: -

Why interview is needed for promotion of an officer who has worked for a decade or for two decades or even for more than three decades?  

Is it necessary to empower interview panel officers to approve whimsical, arbitrary and unjustified promote a junior, corrupt and incompetent officer who has good relationship with high rank officers?

Is interview necessary to reject a good officer, a whistle blower against misdeeds of big bosses?

Officers in PSU banks who created huge amount of NPA and who is master in collecting bribe through their flatterer branch managers are getting one after other promotions. Why?

Will you please tape phones of top executives of banks to identify corrupt high rank officers who will now earn through promotions and postings?

 Please note that season of promotions will commence shortly in all banks.

Recently a few officers of higher ranks were caught in bribe led lending. Even such incidents should open the eyes of those who are entrusted with the duty to stop corruption. Anyone may imagine the quality of promotion given by such corrupt officers to juniors. When members of interview panel are too much greedy and expect   money and costly gifts for every work they do for juniors one cannot imagine of good governance in any sector or office. It is open secret that vigilance officers who are supposed to catch corrupt person are themselves fully indulged in malpractices.

It is very difficult to punish persons who do injustice with good officers, with seniors and ultimately vitiate the atmosphere and adversely affects work culture in an organization.

But it is bitter truth that until humiliation to seniors is stopped it will be foolish to expect healthy culture or to ensure good health of a bank for a long period. If money is lost nothing is lost, if health is lost something is lost but if character is lost everything is lost.

It is worthwhile to mention here that only due to large scale corruption prevalent in top offices, a good number of good officers do not apply for promotion and do not appear in interview. Good workers understand very well that only officers with backing of godfather are selected in promotion processes. Many banks is India have faced huge loss and merged with some other banks in the past only because of corruption prevalent in that bank in large scale and only because incompetent and corrupt persons are selected for key posts. It is therefore necessary to investigate the promotion processes conducted during last 30 years and punish those who violated norms to approve unjustified promotions.

Government  should learn lessons at least from the past of Indian bank, United bank, central bank of India , Global Trust bank and several other cooperative banks and many small banks which had to incur huge losses, face capital erosion due to irrecoverable large proportion of NPA. In PSU banks in general proportion of declared NPA is increasing quarter after quarter. If we take into account hidden NPA, banks in India will meet the same fate as bank in America faced in 2008 and 2009. Even government will deny capital infusion when the malady goes beyond control. It is therefore need of the hour to stop immediately corruption in selection and promotion of officer not only banks but in all offices.