Frauds and lack of due diligence by the other party

Signed 1/3000
Online Signatures: 1
To
RBI SUPREME COURT
An Employee in a Bank fradulently sells the property of the Bank to a third person. The third person without due diligence makes the payment and asks the .Bank to hand over the possession of the property? As per the property laws, Corporate laws etc., is it incumbent on the Bank to hand over the possession of the property to the third person? If RBI advises the Bank to honour the transaction made fradulently by an Employee and accepted by third person without due diligence.What is the legal position?

ii) In case of PNB Nirav Modi fraud, a few Employees of the Bank fradulently issue LOU worth thosands of Crores. The Indian Banks in foreign countries honour these LOUs without due diligence, when they knew that LOUs in India are issued for 3 months and they have been issued for 1 year. RBI is reportedly said to have advised Bank to honour these fradulent LOUs. Whether it is incumbent on the Bank to honour all the fradulent documents/ transactions, when it is clear that with due diligence such fraud would have been detected by the Indian Banks located in foreign countries? What is the legal position? If a precedent is created in PNB, then all the financial Institutes would be liable to honour transactions made fradulently?
iii) I am a minority share holder in PNB. If they honour fradulent transactions worth thousands of crores, they are intentionally causing huge losses to the Bank and consequently causing loss to all the shareholders. Can I file a case against Bank for wilfully causing loss by honouring fradulent transactions and claim compensation?
iv) Can any Advocate file my case de bono?

Related Petitions

    • Medlife EHealth plotform fraud

      Medlife EHealth plotform accepting online orders for supply of medicines and payments by raising Vonline Vouchers but not supplying all the medicines but retaining the balance amount with them onl...

      By B.p Nutaki
      /
    • Leave the Planet

      Respected Officer, As Nasa Found New Habitable Zone Planet I Request US Presidents with their Clients to Leave the Planet Immediately as Myself also has to Work here and Make my Career Growth ...

      By Sheejith KC
      /
    • Hospitalo ki beimani

      Beiman privet hospita

      By Lalji Bhanushali
      /
    • Frauds of J.V.G.F..Limited under liquidation.

      We the senior citizens have not been able to sleep, we have been hunted by the financial scam of J.V.G.F.Ltd.The longest legal litigation which shattered the lives of middle class senior citizens. ...

      By Prasad U.b.s
      /
    • PAYMENT TO FAST TAG

      FAST TAG PAYMENT PROCEDURE. HOW MUCH EXTRA I HAVE TO PAY,IS IS GOVT COMPANY

      By ARUMUGAM Shanmugavelayudam
      /
    • Rights of tenants

      We are being forced to pay more than(almost) double of the electricity bill that we consume

      By Dipankar Sen
      /
    • Loss of Income and Character

      Kindly Consider My Complaint and Acknowledge accordingly. Sheejith KC (Indian Citizen ) posted a Resource 25 years of My Currencies Inside India 1994 onwards My Currencies wha...

      By Sheejith KC
      /
    • Myself Request My Indian Citizen Rights

      Respected Officer, Myself Request My Indian Citizen Rights and Answering the call for My Fundamental Duties. Till date No Documented Certification received postally as ...

      By Sheejith KC
      /
    • can I suite against a corporation that, they forcibly taken resignation letter from a General M

      I Suresh S joined in the company in 2012 and working hard for the company, but all of a sudden in the Month of March 2019 head HR asked me to submit resignation, that I have not done, so they ...

      By Babji SADASIVUNI
      /
    • Misuse of housing owners societies funds

      Executive members of housing owners societies missed nearly 2 crores of collected funds from common association accounts .

      By Venkateswara Rao Chaganti
      /
    • FF Bullying Ground Floor . What to do .

      I am Ground Floor . HN 16 First Floor Himalaya Apartment Sec 2 Rohini Delhi 85 used to pour water in morning since years through her window to GF . Repaired and put marbles on her balcony...

      By Pradeep Padhy
      /
Share
Enter your email & mobile number and we will send you the instructions

Note - The email can sometime gets delivered to the spam folder, so the instruction will be send to your mobile as well

Please select a Circle that you want people to invite to.
Invite to
(Maximum 500 email ids allowed.)