Punjab National Bank - Gitanjali - Audit Fraud a lesson in deed for health department

Punjab National Bank is one of the leading public sector bank in India. It was incorporated in the year 1894. Gitanjali - Diamond jewelry retailer brand from India. 

When I look in to the issue. It is a clear case of gross audit negligence which resulted in the thousands of crores fraud. 

Like Mr. Mallya Mr. Chowski left India before the bureaucracy entered the field to analyze the depth and magnitude of the fraud committed.

Banks are expected to follow the stringiest audit norms in the economy. They are trusted with the ones own money. What if suddenly bank declares that investors, account holders money is gone and they can not with draw the amount.


In Health department, it is managed by the doctors, administered by the doctors and it is for the doctors, by the doctors and to the doctors. The rule of others are very minimal. National Health Mission is one of the largest Health mission in the country. Public money is to be spent in the most transparent way. When amount is not spent in the transparent way and according guidelines culprits must be punished. 

In National Health Mission good accounting and auditing systems are followed. In the state level we will be having the State Project Manager is supported by the Chief finance officer and and accounting staff. At the district level the District Project Manager is supported by the District Accounts  Manager and at the block level Block Project Manager is supported by the Block Accounts Manager. Apart from this Concurrent Auditor from the state, Statutary auditors  CAG audit conducts the audit of the programs. In some district for filing different returns Chartered Accountants are being paid by the district units.

Still why I have the feeling if some day some one looks back at the finance data from the scratch from the beginning. It could unearth many corrupt officers turned doctors. Audit should be carried out as per the book of accounts and none to be exempted because it is public money.


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