tag:blogger.com,1999:blog-36922322.post6322419498412669392..comments2024-03-13T10:09:51.866-07:00Comments on How far Banks are Safe: Volume of Bank Fraud is EnormousDanendra Jainhttp://www.blogger.com/profile/06877409854811449220noreply@blogger.comBlogger1125tag:blogger.com,1999:blog-36922322.post-54547371039695949992012-06-24T05:58:17.273-07:002012-06-24T05:58:17.273-07:00I have reasons to believe that some of the top exe...I have reasons to believe that some of the top executives and CMDs of the Public Sector banks are party to this scam on derivatives. CBI should make a thorough inquiry into this scam. There is one CMD of a top Public Sector Bank who made 54 foreign trips during 2008-09 when the bank had only one full fledged overseas branch. Similarly many of his cronies in the bank also made many foreign trips for the unknown reasons. How RBI or Finance Ministry remained silent when they made so many foreign trips without any logic? Even when a Central Cabinet Minister makes foreign trips, there are so many restrictions on their overseas jaunts, how they had permitted so many foreign trips to one CMD in a financial year? Similarly there could be such forein trips by other public sector banks also. Let CBI look into all these aspects since the Derivatives scam occured / planned during that period only.majji js murthyhttps://www.blogger.com/profile/16340000076695337736noreply@blogger.com