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Keep out PNB top management till fraud probe is completed: AIBEA

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Chennai, Feb 18 (IANS) The Central government should remove the top management of the $1.8 billion fraud-hit Punjab National Bank (PNB) till the probe is completed, demanded a top banking employees union leader.

“It is not known at up to what level the management of PNB is involved in the scam. However the bank management has shown haste in suspending 20 employees and transferring a General Manager,” All India Bank Employees’ Association (AIBEA) General Secretary C.H. Venkatachalam told IANS.

“It will be prudent on the part of the government to keep out the current top management of PNB – Chairman and Managing Director, Executive Director and General Managers – from office till the probe is completed. Those who are not involved in the scam can be re-inducted later,” he added.

“What is sauce for the goose is sauce for the gander. When there seems to be an undue haste and hurry in suspending the low level employees, AIBEA demands the temporary removal of the management first in connection with the mega scam of around Rs 11,500 crore,” Venkatachalam said.

According to him, the whole system at PNB has failed and the top management has to take responsibility given the magnitude of the fraud.

Queried about the views of Arvind Subramaniam, Chief Economic Advisor to Indian Government, that it is time for privatisation of government banks, Venkatachalam said: “The banks were nationalised since the private sector banks were involved in fraud and mismanagement.”

“Subramainam’s views on privatisation is well known. He has also said there has been failure of external controller in PNB scam,” D. Thomas Franco Rajendra Dev, General Secretary of the All India Bank Officers Confederation.

He said the solution is changing the policies of the government towards lending for small and medium industries, and agriculture which are the main employment generators.

Dev said the ballooning non-performing loans of government banks is also due to the involvement of the top management, but no action is taken against them.

–IANS
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Foodman Vishal Singh Honored for Hunger Free World Mission in Bangkok

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Lucknow: Vishal Singh, a renowned social worker from Lucknow, also known as Foodman, has once again made India proud. He was honored by the Happy Hands Gloves Cooperative Limited Company in Korathai, Thailand, for his work with the Hunger Free World Mission.

The Hunger Free World Mission’s meeting was held in Korathai, Thailand, under Vishal Singh’s leadership. Representatives from several countries, including Mr. Raja Dwivedi (Managing Director of Happy Hands Gloves Limited), Thailand Coordinator Mr. Raja Mishra, and member Mr. Varun Singh, attended the event.

Under Vishal Singh’s leadership, the attendees took a pledge to work together toward creating a hunger-free world.

Speaking on the occasion, Vishal Singh explained that the main goal of the Hunger Free World Mission is social participation. He said the mission is not just about feeding people but also about meeting other basic needs of those who are struggling. The mission focuses on helping families of terminally ill patients in hospitals by providing food and shelter. It also works to fulfill essential needs like education, jobs, and care for the elderly.

For the last 16 years, the Vijay Sri Foundation has been providing free services, benefiting thousands of people. Vishal Singh highlighted that the mission aims to gain global recognition like other organizations such as WHO, WWF, and Red Cross, which work for social causes.

During this meeting, Vishal Singh was appointed as the Chairman of the Hunger Free World Mission by representatives from various countries. They also discussed holding regular meetings in different countries to push the mission forward.

Business tycoon Dr. Abhishek Verma has also supported this humanitarian mission, vowing to promote the idea of “Seva Parmo Dharma” (Service is the highest duty) worldwide. Vishal Singh praised him, stating that people like Dr .Abhishek Verma inspire others to work for the betterment of society.

Recently, Romania’s Ambassador, Mr . Daniela Sezonov Ţane, invited Vishal Singh to the Romanian Embassy in Delhi, where they discussed the mission in detail. Impressed by his humanitarian work, she honored Vishal Singh and invited him to Romania to take the mission forward .

Food man Vishal Singh has been serving the people of India for the past 16 years. Through the Vijay Sri Foundation, he provides free meals to cancer patients & their families ,shelter, and education for women & children along with running free old-age homes in Lucknow.

In addition to his humanitarian work, Vishal Singh also addresses issues like crime and corruption through his role as Chairman of Seva Path Media and Managing Director of Vijay Sri Foundation.

During the COVID-19 pandemic, Vishal Singh and his team worked tirelessly to provide food and help to the needy, including starving children, elderly citizens, and pregnant women. Despite contracting the virus himself, he continued to assist others after his recovery. He even created a life-saving oxygen regulator using household items, which was praised by doctors both in India and abroad.

In his address at the meeting, Vishal Singh spoke about his mission to create a hunger-free world. He pointed out that India’s large population, along with issues like unemployment and poverty, has caused the country to fall on the Hunger Index. He urged people to contribute just one handful of grains daily to help create a hunger-free world.

He concluded by saying that through social participation, we can empower the people around us, meet their basic needs, and work together to build a stronger, more prosperous, and developed society.

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