‘Caesar’s spouse should be above suspicion’: Delhi HC upholds financial institution officer’s termination on THIS floor | Private Finance Information
The Delhi Excessive Courtroom has upheld an order dismissing a financial institution official from his service. The Excessive Courtroom mentioned that the banking system is the spine of the Indian financial system and if a financial institution officer is discovered to have been concerned in monetary irregularities whereas performing his obligation, he can’t be let off. The HC quoted the favored saying ‘Caesar’s spouse should be above suspicion’ whereas delivering the decision and mentioned that it’s settled regulation that honesty and integrity of staff or officers working within the banks who’re coping with public cash should be paramount.
The excessive courtroom mentioned a financial institution worker or officer should carry out one’s obligation with absolute devotion, diligence, integrity and honesty, so the arrogance of the general public or depositors within the financial institution just isn’t misplaced.
The excessive courtroom dismissed a petition by an ex-assistant supervisor of the Reserve Financial institution of India (RBI), who was entrusted with processing and shredding currencies value Rs 4.5 lakh in 2005 and, throughout a shock test, a scarcity of fifty items of Rs 100 denomination notes had been found. He was later dismissed from service after being discovered responsible throughout a disciplinary inquiry.
Additionally Learn: One other shocker for Twitter employees! Elon Musk cuts worker perks
“…the petitioner is a financial institution worker. A financial institution worker/ officer should carry out one’s obligation with absolute devotion, diligence, integrity and honesty, in order that the arrogance of the general public/ depositors just isn’t misplaced within the financial institution. The banking system is the spine of the Indian financial system,” mentioned the HC.
It additional mentioned that an officer who’s discovered to have been concerned in monetary irregularities whereas performing his obligation as a financial institution officer, can’t be let off even when there’s a minor infraction within the inquiry report.
“Within the departmental inquiry, the usual of proof just isn’t that of a legal case, that’s, past an inexpensive doubt, fairly the take a look at relevant is that of merely the preponderance of chances,” mentioned Justice Chandra Dhari Singh.
The courtroom mentioned the allegations levelled in opposition to the petitioner are severe in nature and quantity to gross misconduct and due to this fact, the courtroom didn’t discover any pressure within the argument of the petitioner that the punishment which has been awarded to him for elimination from service just isn’t proportionate.
(With PTI inputs)
