Letter to the Editor

Corrupt officials

Tharcius S Fernando

Sir — There can be no second opinion that bankers have played and continue to play a crucial role in the effective implementation of demonetisation. The banking staff is working beyond working hours, even on holidays, to mitigate the problems of the common man.

However, it is sad to learn that some employees have indulged in money laundering with an ulterior motive. Two bank officers have been arrested for attempting to launder demonetised currencies to the tune of Rs25 lakh for pecuniary benefits. This is condemnable, as these officers, one from a public sector bank and another from a private bank, have betrayed the trust the Government and enforcement authorities had on them.

Moreover, with their nefarious activities, they have tarnished the image of the banking sector. One hopes the arrest will serve as a warning to those bankers who might be tempted to make some quick buck during the transition period of demonetisation.