Shetty & Co would have been lured with wine, women and wealth and drawn into the mega loot. What about Statutory Branch Auditors[ Often done by Bank's Central Auditors in the case of extra large branches], Officers from RBI who has conducted Inspection, Bank's Concurrent Auditors and bank's own Internal inspection team? They should be answerable. LoUs issued for 365 days in violation of 90 days norms. Further, FoUs are renewed on the basis of book entries instead of actual cash receipt. This is a very serious lapses on the part of the Auditors and others involved in the Audit and Inspection process. take action against them. Only way to ensure that audits will be done with more seriousness in future.
Stop the pension and gratuity of these clerks you will get atleast 30 to 40 lakhs.CBI,RBI and finance ministry officials will have a nice time,they will go to US,Belgium,Switzerland ,Thailand and Dubai. Whatever happens in the country the babus have the best time.