CHAPTER - 28
CHAPTER - 28
BANK AUDITORS INSPECTION
The Bank Auditors noticed that this particular branch did not raise any deposits for the bank during the Deposit Mobilization year.
This got suspicion by the Bank Auditors
Kumar smelt something will go wrong.
Kumar felt that he will land in problem.
Sanjay who was weak minded and was thinking deeply how to come out from this fraud and out of fear unable to bear the mental torture, Sanjay hanged himself to a ceiling fan at his house and died.
For, this Kumar felt that he was safe.
But, things went wrong.
Auditors had a suspicion on Kumar.
Auditors kept a watch on Kumar’s movements.
Shalini, the lady bitch and a keep, de-docked Kumar and parted ways, left Kumar in disguise knowing that Kumar was involved in financial criminal Bank frau
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AUDITORS INSPECTION AT BANK
Bank Scene
Monday – Weather good – All Bank Staff Present
Bank Records submitted to Three Auditors
Bank Manager:
Good Morning to everybody
Auditors 1, 2 and 3:
Morning to all
Bank Manager:
Auditors were introduced to all the staff of Bank
Advises all staff to make available records and registers.
Inspection will take place, said to BM
This Auditing will go on for a week’s time.
Staff:
Yes sir. Okay sir.
Kumar:
Looking here and there.
Slightly became nervous
For some time, got upset.
Auditors:
Some staff told Auditors about Kumar’s manipulation of Accounts.
Bank Manager:
Got suspicion on Kumar
Had an Eagles Eye on Kumar.
Keenly observing Kumar and Sanjay.
Observing Kumar’s and Sanjay’s lavish spending.
Always having money in their pockets.
Everyday enjoying drinks.
Kumar:
Knew well about being caught one day.
Sanjay:
Got afraid
Worried
Mind upset
Uneasy
Deep in Thoughts
Helpless
Too sensitive
All Auditors 1, 2 and 3
Kumar, You please clarify our points and doubts.
Kumar:
Okay sir.
Auditors:
Please produce all your Registers to us.
Kumar:
Keeps all Registers ready.
Auditors:
How many deposits did you account for?
Kumar:
No Depositors sir
Auditors:
Why? Last 2 Months was deposit mobilization period.
No deposits till now.
Kumar:
What I know sir.
Please ask Branch Manager
Yes sir. No deposits.
Auditors:
Calls Bank Manager
Did you notice about the fixed deposits?
Branch Manager:
Yes sir. There are few deposits with our Branch.
Kumar:
No deposits since 2 months sir.
Branch Manager:
Why? No deposits, who said?
I signed few Fixed Deposit Receipts.
Receipts for varied amounts.
Auditors:
Kumar says no deposits certificates issued to anybody
Bank Manager:
No no. I signed few deposit certificates.
Asks Kumar.
What Kumar, you have obtained signatures on few FDRs.
Why do you say No Deposits?
Kumar:
Yes sir, I took signatures.
But, customers not deposited amount.
Could not account for.
Auditors:
Please show all the registers.
Kumar:
Yes sir. Kept all the registers
Includes dummy registers.
Auditors:
Verified all registers
Saw dummy registers too
Saw few FDRs Blank Certificates too.
Saw few Blank Bank Receipts.
‘Asks, Kumar. Why you’re keeping all these with you?
Kumar:
Sanjay, sometimes doesn’t come to bank.
So, I kept them as standby
Auditors:
No, no. It’s against Bank Rules.
Noticed entries in the ledgers
Registers also verified.
Noticed false entries in all the registers.
Registers doesn’t show any details.
Fake registers show entries.
Kumar:
Explains to Auditors, why being maintained fake registers.
Unable to explain properly.
Gets confused.
Auditors:
There are lots of discrepancies.
Money through deposits not remitted to bank treasure.
Proper accounting not followed.
There looks to be misuse of money.
Financial fraud noticed.
Auditors stress more on Kumar for more details.
Kumar:
Unable to answer Auditors’ questions
Keeps silent.
Auditors:
Comes to conclusion about deposits fraud.
Bank Manager:
Also comes to conclusion about Kumar’s fraud.
ONE DEPOSIT HOLDER COMES TO BANK AT THAT PARTICULAR TIME FOR HIS MONEY.
Customer:
I want to withdraw my amount
Here is my Fixed Deposit Receipt for Rs. 5,000/
Kumar:
You please come after a week.
Inspection is going on.
Auditors are here.
I can’t attend to you.
Customer:
Why should I come after wards?
It’s my money.
I want to withdraw my money
Kumar:
I told you.
It’s not possible now.
Customer:
No. I want my money today.
It’s a Bank. It’s not a Financial Private Institution.
Today Bank is Working day.
Inspection is for you people.
Not for me.
I want my money now itself.
Auditors:
Observes Kumar’s conversation with Depositor.
Kumar:
Does not process customer transaction.
Kumar not having money.
Kumar gets upset.
Bank Manager:
Get doubt on Kumar
Speaks to Auditors confidentially
Confirms Kumar’s fraudulent transactions
Auditors:
Verifies thoroughly all registers.
Able to find out the fraud postings
Financial mis-management confirmed
Speaks to Bank Manager
Kumar:
Says, he has nothing to do with any fraud
I took the signatures of Bank Manager
Issued FDRs to customers
I am paying customers interest and principal amounts.
Bank Manager:
Are you a Bank appointed staff?
Or
Are you a Banker?
Kumar:
I am a staff.
But, I am paying interest and principal amount to depositors
Bank Manager:
You shut up, Kumar
Don’t speak nonsense
You can’t use banks transacted money to your personal needs.
You’re a fraudster
Auditors:
Goes to Manager’s cabin
Kumar also goes to Manager’s cabin
All registers are seized by Auditors
Thoroughly inspected and audited.
Fraud comes to line light.
Bank Manager:
(In his cabin)
Bangs Kumar and Sanjay left and right
Sanjay became worried person
Kumar and Sanjay becomes helpless
Till evening auditing goes on
8.00 pm all people disperse.
Auditors:
We’ll meet all at 10.00 am sharp.
See Kumar, you don’t abscond.
It’s becomes more crime.
You get involved more.
You attend Bank sharp at 10.00 am
Sanjay was also told to be present at 10.00 am
Sanjay says, Yes Sir.
Bank Manager:
Warns Kumar and Sanjay
Instructs to be present at Bank sharp next day
Bank closes:
All dispersed.
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CHAPER – 29
DEPOSITORS AGONY:
Some of the deposited customers approached the Branch for withdrawal of their FDRs.
Kumar was irregular to Branch fearing enquiry by the Bank Auditors.
The Bank Staff verified the Fake FDRs.
All the FDRs issued by Kumar were fou8nd to be fake ones.
All the Customers started troubling the Manager.
Manager and Kumar were suspended from their duties.
All the Records were scrutinized.
This FDR fraud went in crores of rupees.
Kumar and Sanjay swindled the money.
The Bank gave complaint to the local Police Station (Station House Officer).
Bank Management ordered for thorough verification.
Kumar revealed to Police that most of the fraud was done by Sanjay.
First Information Report (FIR) was lodged by Police.
Kumar was taken to the Court of Law.
Court Proceedings took place.
Kumar was sent to 14 days judicial custody.
Kumar was jailed.
Kumar got Bail.
Kumar told the Court through his Advocate that Sanjay was fully responsible.
Sanjay was maintaining all the Blank Documents and Books.
Court gave verdict that since Sanjay died and Kumar was not responsible.
Kumar was let off freely.
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DEPOSITORS THRONG BANK:
Some of the deposited customers approached the branch for withdrawal of their FDRs.
Kumar was irregular to branch fearing enquiry by the Bank Auditors.
Then the bank staff verified the fake FDRs and all were found fake ones.
All the customers started troubling the Manager.
Kumar were suspended from their duties.
All the records were scrutinized.
This FDR fraud went in crores of rupees as Kumar and Sanjay swindled money.
The Bank gave complaint to the local Police Station and ordered for a total verification.
Kumar revealed to Police that most of the fraud was done by Sanjay.
FIR was lodged by Police.
Court proceedings took place.
Kumar was jailed and was on bail.
Kumar told the Court through his Advocate that Sanjay was fully responsible, because Sanjay was maintaining all the blank documents and boo
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