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Union Bank Officer Alleged in Fraud Complaint Transferred
Union Bank officer Priya Ranjan Kumar, alleged in an inter-bank fraud complaint, has been transferred to another region amid ongoing investigations.
Author: Abhivad
Published: July 16, 2024
Priya Ranjan Kumar, a Senior Manager at Union Bank of India and a leader of All India Union Bank Officers’ Federation(AIUBOF) and All India Bank Officers’ Confederation(AIBOC), alleged in a complaint filed to Union Bank of India management, has been transferred from Patna Main Branch to the Regional Office in Samastipur. The transfer order, dated 6 July 2024, was issued by the Human Resource Department, Zonal Office, Ranchi.
(Copy of the transfer order accessed by Kanal.)
Background of Allegations
This transfer and investigation follow a recent exclusive report by Kanal, based on a complaint that Kumar, along with other officials, was allegedly involved in a massive inter-bank fraud. The whistleblowers' complaint accused Kumar of manipulating miscellaneous accounts to evade surveillance by the Income Tax Department and Vigilance Department. The allegations included exploiting office accounts for inter-bank entries and involving family members in facilitating unlawful transactions across Union Bank of India, Canara Bank, and Punjab National Bank.
Earlier, on 26 June 2024, a vigilance investigation was initiated against Kumar based on a complaint accusing him of misusing staff housing loans. The complaint, filed by Satish Shetty, General Secretary of the Union Bank Officers Organisation(UBOO), alleged that Kumar diverted the loan proceeds for constructing a commercial complex, violating bank rules, staff housing loan guidelines, and sanction terms. The investigation was ordered by the Vigilance Department at the Union Bank Central Office, Mumbai.
(Copy of the vigilance investigation order.)
The complainant in the inter-bank fraud complaint told Kanal that the transfer of the alleged officer came out after a team of auditors visited the Patna Regional Office to access the documents and records.
Comments
- Madhusudan SABBELLA
I invite the office bearers of UBI employees Association to come forward to take up my issue in true spirit to uphold integrity and principles of god Corporate governance.
Posted on July 18, 2024 - Madhusudan SABBELLA
Sir, I am Madhusudan sabbella, have been waging a virtual war with erstwhile Andhra Bank , which later got merged with Union Bank of India. If you are talking about inter-bank fraud involving an official of UBI, my complaint pertains to even more serious case of gross procedural violations and blatant misuse of official authority by senior executives including the then Chief Vigilance Officer Mr.Aravind Annamalai of Andhra Bank and Mr.Umesh Kumar Singh of Union Bank in 2021. Infact, an FIR was filed against 5 senior officials at Hyderabad and the management of the bank and its panek advocates virtually blackmailed my family to resolve the issue under OTS. Only after we withdrew all the complaints , the bank settled the issue. The matter has been reported to the DFS also. And at every stage, the bank did not maintain confidentiality about our complaints and justified the actions of its officials to save their errant employees. I got conclusive documentary evidences to prove gross procedural lapses of bank officials in diversion of funds from term loan to unrelated entities including chit fund companies. The while issue involves senior officials of UBI, Kapra, Sainikpuri branch and Zonal office,Secunderabad. There is so much of hypocrisy in the way the CVO's office functions. There is systemic failure with all the regulators. The very fact that in the last 5 yrs alone, bad loans to the tune of 10 lacs crores were written off is more than adequate to highlight the extremely poor state of affairs ...! But, our honourable FM madam and RBI officials give clean chits to all the PSU banks that our banking system is very robust..its height of hypocrisy and misleading the public. If the bank employee unions believe in integrity and principles of Corporate governance, I am prepared to share all the facts of our issue and I am prepared to face the consequences if my statements are false. Ultimately truth prevails .Thanks and regards..
Posted on July 18, 2024