As many as 58 cases involving over 130 allegedly corrupt legislators and serving and retired government officials are awaiting sanction for prosecution from their respective organisations
As per norms, sanction for prosecution of government employees accused of corruption has to be given within four months' stipulated time
Further, it has asked Sebi to share its findings that explain late detection by rating firms
This development will instill a sense of protection among bankers from prosecution for genuine decisions, and promote lending
The panel in its previous avatar called the Advisory Board on Bank, Commercial and Financial Frauds
The date is further extended to June 17, the ministry said
There are no guidelines in place to handle complaints against the CVC, the ministry said in response to an RTI query
The cases of departmental action are acted upon on the basis of the CVC's direction
Various banks reported 4,851 cases of fraud involving about Rs 23,902 crore during 2016-17
SC ruled that chairman, MD and other officers of a private. bank can be seen as public servants
CVC received a total of 49,847 complaints in 2016, as against 29,838 received by it in 2015
DoPT asked deptts to ensure that complaints against govt employees are disposed of within 6 months
The media reports were based on a Right to Information (RTI) application filed by HR Kosia
CVC termed the media reports as 'misleading and incorrect'
New norms cast an obligation on departments concerned to determine as to whether acts of such officers have been actuated by an oblique motive or corrupt practice
Walmart is being probed over allegations of bribing govt officials; Mondelez for a Rs 580 crore alleged excise duty evasion
However, all bonafide, rule-based and policy driven actions of the officials are duly protected
There is no provision, in the rules to initiate action against the heads of such autonomous bodies for any 'misconduct'
CVC says necessary action may be taken on the issue raised in the petition with reference to the validity of vigilance clearance accorded to Prashant Saran
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