::::: MINISTRY OF FINANCE INITIATIVES 11TH BI-PARTITE PROCESS ::::: ::::: HAPPY PONGAL :::::

Friday, March 20, 2015

IMPORTANCE OF PASSWORD SECRECY - Court acquits bank Assistant Manager

We are bringing herewith the important case cited by LVBOA in its circular on the seriousness and  importance of maintaining the secrecy of passoword to safeguard and secure the future of all the officers fraternity.



Ref: 41/2015 E Cir: 11                    07/03/2015.

To All the members of LVBOA
Dear Comrades,

                            IMPORTANCE OF PASSWORD SECRECY
Time and again we from the LVBOA and our Management have been issuing circulars and also in whatever forum that is available to us, highlighting the importance of maintaining the secrecy of password. We are happy to note that some progress has been made by our comrades in this front, still few of our members does not attach paramount importance to this vital aspect of banking.
We would like to bring the Court Judgement in this regard to the notice and knowledge of our members as appeared in The Hindu Dt.07.03.2015.
QUOTE:
Court acquits bank Assistant Manager
SPECIAL CORRESPONDENT
The Madras High Court acquitted the then Assistant Manager of a nationalised bank here who was sentenced to undergo one year imprisonment each in two cases.
The CBI case against N. Sridhar was that while working in the Indian Bank, T.Nagar, he allegedly did fraudulent transactions in his savings bank and loan account by misusing the password of another officer of the bank. Charge sheets were filed against Mr. Sridhar before the Special Court, Chennai, for offences of forgery, falsification of accounts and cheating under the Prevention of Corruption Act.
The Special Court awarded the punishment on November 30, 2006. Hence, Mr. Sridhar filed the present appeal through counsel S.P. Sudalaiyandi.
In his common judgment, Justice R. Mala said even though the sanction order was valid and two charge sheets could be filed based on a single FIR, as per the exhibits, the appellant’s statement was not a voluntary one. Non-seizure of housing and vehicle loan registers and audit report on which basis the FIR was registered was fatal to the prosecution case. Each and every staff member had been provided with user ID and password and they were directed to change their passwords once in 15 days. If an officer had disclosed his user ID and password to another, he was responsible for that action. The prosecution had miserably failed to prove the offences against the appellant beyond reasonable doubt, Ms. Justice Mala said.
UNQUOTE:
So comrades, please understand the importance of maintaining the secrecy as well as change of password frequently as per the instructions of our Bank is to be followed at all levels scrupulously not only to safeguard the Bank’s interest but also to safeguard and secure your future.


With warm greetings,                                                             
Comradely yours,                                                 
                                                                                                 
                                                                                                     (K.Gopish)
General Secretary
Lakshmi Vilas Bank Officers' Association

No comments:

Post a Comment