Staff of financial institutions must act transparently: SC


The Supreme Court expected staff at financial institutions to act in a way that raised the reputation of the organizations they worked for and nurtured their relationships with clients.

The court further noted that staff should not give rise to a conflict of interest between their personal interests and their financial institution.

“They must provide their clients with transparency, mutual loyalty and truly personal client relationships,” reads a judgment drafted by Judge Sayyed Mazahar Ali Akbar Naqvi in ​​a case in which an officer of the BPS-16, the deputy national official of Muhammad Shafique Savings, at the National Dera Ismail Khan’s Savings Center (NSC) -1 was assessed the major reduction penalty to a lower position imposed by the relevant authority under government service rules ( efficiency and discipline), 1973 because of its involvement in embezzlement.

“In the performance of their duties, they [staff] should avoid and avoid any involvement in any act of misconduct, embezzlement or fraudulent activity that could destroy or break public confidence in the credibility and goodwill of financial institutions, which will obviously lead to disciplinary action immediate without any leniency or imposition of sanctions in accordance with law. “

The Federal Civil Service Tribunal (TSF) upheld the ministry’s decision.

Shafique received an indictment on June 30, 2015 with the allegation that on November 12, 2014, a client came to his center to cash price obligations of Rs 15,000, Rs 7,500 and Rs 25,000.

The client had handed over the prize cards to Shafique for payment.

Shafique recorded the numbers of the price bonds in his diary “secretly” and handed them to the junior national savings officer, Shah Imran, for verification. It was further alleged that the junior officer returned the taking bonds to the appellant, but the taking bond No. 053047 of 25,000 rupees was missing.

Read Supreme Court ‘tough’ on government workers

Later, it was revealed that the missing bond won the prize of Rs50 million in a draw held on November 1, 2012 in Hyderabad. It was alleged that Shafique withheld this fact from the screening officer for his personal gain and the matter was brought to the attention of the National Accountability Bureau (NAB) through a complaint.

During the investigation, Shafique was involved in the unauthorized verification and retention of the price bonds because they belonged to the government.

It was further alleged that the appellant was involved in professional misconduct, misconduct and misuse of an official decision and that due to his bad motive he caused embarrassment to the department before the NAB .

The appellant submitted his response to the Show Cause Notice and denied the allegations with a lame apology.

A bench of three Supreme Court judges headed by Chief Justice of Pakistan Gulzar while upholding the FST order observed that all financial institutions had traditionally recognized their duty to act with respect for the public trust.

“Its reputation, its good will and its integrity are a virtue and a most precious asset which are indeed established by the behavior of its employees and its management who have the duty to carry out their functions with the greatest honesty, dedication , professionalism and commitment without any reason to complain to its clients / clients ”, we read in the verdict.

The judgment noted that the court had previously ruled that an official, who had been found guilty of embezzling public money, regardless of the amount, had violated the trust placed in him.

“It is well established that on the basis of mere technical details, appellants cannot be exonerated from serious charges of embezzlement and fraud. This makes them unfit to remain in service. “

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