Fund transfer
swaraj
(Querist) 12 September 2011
This query is : Resolved
respected sir
i am govt.school teacher,and our staff members salary account is with union bank account.
this month when we approach my school clerk for our salary status ,the clerk replied that the check is submitted by me to union bank account last week ,why ur salary is not yet transferred to staff accounts,then the staff members approached the bank manager ,in turn the bank manager replied that the whole amount is transferred to school principle personel salary account ,instead of govt. account now it up to principle to transfered all salary to their staff members account,
then we approach pricipal ,then the principle transfered all salary to respective staff member's account.
the salary amount is rs 16 lac .
now my qwestion is follow:
1.is it legal that the salary amount could be transfered directly to principal account instead of govt. account.
2. is it come under the corruption that the priciple consipiracy for gaining interest of rs 16 lac in there personnel account with the help of bank manager.
pl. help how to stop these type of corruption
thanks swaraj
Advocate. Arunagiri
(Expert) 12 September 2011
How you used to get salary by fund transfer or by cheque?
You have mentioned the both.
If it is through a cheque no body can encash your cheque.
If it is through fund transfer, there may be some mistake on the part of the bank.
I dont see any fraudulent act of the bank as well as the principal.
My suggestion is dont exaggerate the mistake as a criminal conspiracy.
prabhakar singh
(Expert) 12 September 2011
I agree with Expert : Advocate. Arunagiri
Raj Kumar Makkad
(Expert) 12 September 2011
I completely disagree with both the experts. As per facts given in the query, the transfer of funds by way of joint cheque was required to allocated as per salary sheet but fradulantly it was solely transferred in the salary account of individual account of PRINCIPAL. It is a fraud. Not only for this month, this problem say fraud shall occur each and every month as per statement of Bank Manager. Staff may approach to the higher officials of department and may seek strict action against such Principal.
Sudhir Kumar, Advocate
(Expert) 19 June 2013
1.is it legal that the salary amount could be transfered directly to principal account instead of govt. account.
Ans : No
2. is it come under the corruption that the priciple consipiracy for gaining interest of rs 16 lac in there personnel account with the help of bank manager.
Ans : Yes
Guest
(Expert) 19 June 2013
The information of the querist does not seem to be complete or correct. The following questions arise out of his query:
1) Is the Principal of the school, himself a Drawing & Disbursing Officer?
2) Whether the Principal endorses both the pass & pay order on the salary bill or some other authority endorses the pay order and provide funds?
3) Whether the cheque was drawn in the personal name of the Principal and also signed by himself, or in the name of the school for credit in the school's public account?
