Dear Experts, I am working in a private Bank as a State legal manager in a supervisory role. I happened to borrow money from Bank Vendors (advocates) for some personal emergency for a short span of time, and I did not inform my boss. Someone in my team has referred this incident to the Vigilance team out of a personal grudge against me. The vigilance team have revealed that I have taken a kickback from the vendor for the personal relationship and hand loan taken from them, along with other allegations indicating process lapse.
Considering the breach of the code of conduct, I have resigned from the services. Yet the vigilance team have kept my resignation on hold and suspended me from the services and finalized the report after 6 months of investigation. The person who has raised complaint against me has resigned and relieved from the services despite of his breach of code of conduct instances (wrong travel claim)I am awaiting for the show cause notice from the HR... I request your legal expertise in approaching Bank management and likely remedies available to get relieving letter.
From India, Bengaluru
Considering the breach of the code of conduct, I have resigned from the services. Yet the vigilance team have kept my resignation on hold and suspended me from the services and finalized the report after 6 months of investigation. The person who has raised complaint against me has resigned and relieved from the services despite of his breach of code of conduct instances (wrong travel claim)I am awaiting for the show cause notice from the HR... I request your legal expertise in approaching Bank management and likely remedies available to get relieving letter.
From India, Bengaluru
Why/How did you take loan from vendor is your personal matter but it is breach of conduct. Since you breach the code of conduct, you will be punish even you resign. Your Loan may be consider as bribe. The person who raised complaint did wrong thing but that is treated as his personal act, But your act defame your company.
It is my Personal Opinion.
From India, Indore
7It is my Personal Opinion.
From India, Indore
Why didn't you approach the bank you have your personal accounts with for a short term loan? Or even ask relatives to help you meet the short term debt?
Simple common sense should have told you to keep your nose clean and not mix business with your personal life.
None of us here work for your bank so we are not in a position to tell you what the outcome of all of this will be. To me it sounds serious enough to speak to your own lawyer about it and take his/her counsel in this matter.
Whatever the outcome, you have put yourself in a very difficult position in regard to future employment. Trust in employees is a very important aspect and you will struggle to overcome this hurdle. However with diligence, hard work and a concerted effort, restoring your good name is not completely impossible.
From Australia, Melbourne
Simple common sense should have told you to keep your nose clean and not mix business with your personal life.
None of us here work for your bank so we are not in a position to tell you what the outcome of all of this will be. To me it sounds serious enough to speak to your own lawyer about it and take his/her counsel in this matter.
Whatever the outcome, you have put yourself in a very difficult position in regard to future employment. Trust in employees is a very important aspect and you will struggle to overcome this hurdle. However with diligence, hard work and a concerted effort, restoring your good name is not completely impossible.
From Australia, Melbourne
You need to challenge your termination in court because matter of kickback was a false and fabricated one. The court is the right forum to get relief.
From India, Mumbai
From India, Mumbai
You have to further await the action from Bank, like issue of memorandum or charge sheet and respond to it. The complainant has resigned or left or even involved in fraud does not help you in the matter.
Taking personal loan from an external party having business dealings with you is a very serious matter adversely affecting integrity and confidence in you. Muster evidence to indicate that it was only a loan, that may perhaps help in the disciplinary proceedings that is likely to follow.
From India, Mumbai
Taking personal loan from an external party having business dealings with you is a very serious matter adversely affecting integrity and confidence in you. Muster evidence to indicate that it was only a loan, that may perhaps help in the disciplinary proceedings that is likely to follow.
From India, Mumbai
You took a bribe from a vendor (and may be returned it when it became an issue).
No one is going to believe that the loan from a vendor was aboveboard.
It is a serious misconduct, which they are not going to just let go.
They have a right to conduct an enquiry and terminate you after that.
You have a legal remedy only if there is something wrong done by the employer. If there is any, you have not discussed it here.
With reference to the other person who left, his misconduct with wrong travel claim is of far lesser concern to the company. Anyway, you can not go to court saying they must not take action on you since they did not take action on a different person who is not connected with your misconduct.
From India, Mumbai
No one is going to believe that the loan from a vendor was aboveboard.
It is a serious misconduct, which they are not going to just let go.
They have a right to conduct an enquiry and terminate you after that.
You have a legal remedy only if there is something wrong done by the employer. If there is any, you have not discussed it here.
With reference to the other person who left, his misconduct with wrong travel claim is of far lesser concern to the company. Anyway, you can not go to court saying they must not take action on you since they did not take action on a different person who is not connected with your misconduct.
From India, Mumbai
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