There are inconsistencies in the post. Normally probationary officers should not have such discretionary powers to sign for and on behalf of any bank, or authenticate the transactions. Only after confirmation and issue of such POA, an officer gets such powers and authority. Without any iota of doubt, the manager will be dismissed from services after the establishment of fraud by Vigilance dept., It is very difficult to state about probationary officer unless a charge sheet is issued as every officer should act responsibly and keep the password to himself alone and at the most, they may state contributory negligence. In such cases, if the other officer is innocent, a mere reprimand was given after issuing a charge sheet.