Gramin Bank ex-staffers demand CBI probe into merger with HGB

  • | Saturday | 30th March, 2019

In 2014, CAG in a letter to NABARD had said the audited result results of Gurgaon Gramin Bank as on March 31, 2013, were far better than the Haryana Gramin Bank.Kuldeep Sharma, who served as a chief manager at Gurgaon Gramin Bank, said, “Unaudited figures showing Haryana Gramin Bank having more business presented to the Union finance ministry were fudged.”However, the allegations by the bank officers’ union were not restricted to the merger. There must be several such other cases,” said Joshi.Despite repeated attempts, former CM Hooda could not be contacted. While the Competition Commission of India norms state that a weak bank must be merged with the strong bank, the contrary was done in this case.At the time of the merger, GGB had business worth Rs 7449.21 crore, while HGB only had transactions worth Rs 6579.28 crore.The CAG had also raised questions over the decision. In one of the loans, a customer has paid Rs 1.45 crore as earnest money in cash individually, which is way more than the actual earnest money. They alleged that post the merger, the profits of the two banks combined fell by 33%, promotion and recruitment norms were compromised and loans were given away without proper due diligence causing substantial financial loss.“A big scam has been orchestrated in the Huda plot scheme, for instance.

New Delhi: Former employees of Gurgaon Gramin Bank on Friday demanded a CBI inquiry into the controversial merger with the Haryana Gramin Bank, alleging it was done at the behest of the then chief minister Bhupinder Singh Hooda to benefit some people.The Gurgaon Gramin Bank officers’ union threatened to file a public interest litigation (PIL) in the Punjab and Haryana high court “if the government does not initiate a CBI inquiry soon”.“We have met several representatives of the current government and have submitted multiple pleas to Union finance minister Arun Jaitley as well, but the government seems to be reluctant to act in the matter,” Mukesh Kumar Joshi, an ex-employee, told mediapersons in Delhi.The controversy over the merger of the two banks has been going since 2013. While the Competition Commission of India norms state that a weak bank must be merged with the strong bank, the contrary was done in this case.At the time of the merger, GGB had business worth Rs 7449.21 crore, while HGB only had transactions worth Rs 6579.28 crore.The CAG had also raised questions over the decision. In 2014, CAG in a letter to NABARD had said the audited result results of Gurgaon Gramin Bank as on March 31, 2013, were far better than the Haryana Gramin Bank.Kuldeep Sharma, who served as a chief manager at Gurgaon Gramin Bank, said, “Unaudited figures showing Haryana Gramin Bank having more business presented to the Union finance ministry were fudged.”However, the allegations by the bank officers’ union were not restricted to the merger. They alleged that post the merger, the profits of the two banks combined fell by 33%, promotion and recruitment norms were compromised and loans were given away without proper due diligence causing substantial financial loss.“A big scam has been orchestrated in the Huda plot scheme, for instance. In one of the loans, a customer has paid Rs 1.45 crore as earnest money in cash individually, which is way more than the actual earnest money. There must be several such other cases,” said Joshi.Despite repeated attempts, former CM Hooda could not be contacted.

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