The State Bank of India Officers Association has urged the Central Bureau of Investigation (CBI) to finish the probe into the Rs. 570 crore cash transfer case quickly.
In a statement, SBIOA general secretary D. Thomas Franco said all formalities were followed in the transaction that took place on May 13. However, the transport of cash in containers, a routine exercise by the banks on a day-to-day basis, became an issue in the context of a sensitive election campaign.
“All the instructions contained in the ‘Standard Operating Procedure’ issued by RBI had been followed and this was confirmed by RBI to the Election Commission of India. The political parties, due to the role played by money in the elections of Tamil Nadu, had used this incident to settle their scores, which is highly condemnable as it would lead to loss of faith in RBI and other banks.”
ADVERTISEMENT