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Union warns SBI over suspension Thursday, April 19, 2001

AHMEDABAD: Threatening a nation-wide strike by officers of the State Bank of India, the Federation of State Bank Officers Association has demanded immediate reinstatement of two junior officers who were suspended after the bank was caught in a Rs 41 crore bullion scam.

Speaking to reporters after talks with the SBI's regional management here Federation national president BB Das said the two officers, Mohit Shrivastava and Shekhar D'Costa, were made scapegoats in the case.

Das said this was not a mistake or something done with malafied intention but this was a systems failure. Das said the bank had started trading in gold and silver only two years ago and had not put in place a proper system.

He said without proper systems this had to happen one day and now after Rs 3000 crore worth of sales the management has found a scapegoat and punished two junior officials.

He said the incident occurred on March 8 and the two officers of the overseas branch were suspended in April, a month after the incident, while a deputy general manager and two general managers were allowed to go scot-free by transferring them.

Terming the suspensions a hasty decision which could have been checked by the Reserve Bank of India, Das said the two officer should be reinstated and the same should happen in a couple of days or they would launch a nation-wide strike.

A delegation of SBI officers from Ahmedabad, led by Das, are expected to meet the chairman of the bank on Thursday. And if that does not bring desired results, the bank officers will strike work and organise prolonged agitation programmes both in Gujarat and other parts of the country.

 

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