Page 208 - A Banker Down the Rabbit Hole

were paid half salary. They had to join the enquiry very often, were
stressed financially and were harassed a lot all these years.

X The Head cashier died during the trial after 12 years. The Chief
Manager, who had instructed for this modus operandi was given 3
years of imprisonment in 2016 after 18 years of miserable life.

It is very important in banking transactions to have adequate knowledge
of banking operations and regulations besides skills for systematic
customer appraisal to minimize the risk exposure to the bank. The
following of the rules of Operating Instructions Manuals becomes very
important because when charges are framed against erring officers, the
violated clauses of Operating Manuals are quoted verbatim, in the charge
sheet.

Insights from the episode
1. The means are more important than the end: it is only with the right
means that the desired end will follow' - Mahatma Gandhi, father
of the Indian nation.
2. It is fundamental in our law that the means that are adopted to
achieve the end should be lawful. A good end does not justify bad
means. Gandhi's philosophy is still relevant, in all walks of life.

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