The facility of the Bank Guarantee was sanctioned to the firm against the security of a property worth Rupees Twenty Lakh to be mortgaged to the bank.
The sanction letter had come from the Regional Office of the bank only two days back. Rohini Constructions had not yet executed the documents for availing of the facility. The firm had not submitted the documents of the property to be mortgaged to the bank, either.
Parthibhan, one of the two partners of Rohini Constructions came to the bank and requested for the issue of a bank guarantee for Rupees Ten Lakh, to enable the firm to participate in a government tender, that day being the last day to submit the quotation for the tender.
Bhaskar told him "You have not yet executed the documents for availing of the facility. You have not yet handed over the property documents, either. The Manager is on leave today. How can I issue the Bank Guarantee?"
"Should our business suffer because your Manager is on leave?" asked Parthibhan.
"That is not the issue. I mentioned it in passing. We cannot issue the guarantee, when you have not executed the documents and not given your property documents to us. We have to get your property documents scrutinized by our lawyer and only after he gives the clearance, we can create the mortgage and then issue the guarantee to you" said Bhaskar, firmly.
"Sir! We have been a long-standing customer of the bank. My brother, the other partner of the firm, is out of station. He will be back only after two days. All the documents have to be signed by both of us. Only my brother knows where the property documents have been kept. So, I am not able to produce the property documents to you now. We ought to apply for this tender today. Please help us" pleaded Parthibhan.
"I will consult the Manager" said Bhaskar and called up Murthy at his home.
"Bhaskar! Rohini Constructions is a reliable customer. The firm has been having an account with us since long. We can get the documents signed by them later. You may issue the Bank Guarantee, as per their request. You have the power to sign the Bank Guarantee on behalf of the bank. I will get the documents from them soon" said Murthy.
"Sir! They have not yet given us the documents for the property to be mortgaged to us as the security" said Bhaskar.
"You said that Parthibhan told you that his brother would be back in two days. Everything will be regularized in two days' time. I will take care of everything. Don't worry" Murthy assured him.
Bhaskar issued the Bank Guarantee, by signing it on behalf of the bank..
Unexpectedly, internal auditors from the bank's Head Office came to the branch the next day, to conduct a surprise audit.
The auditors were sitting in the Branch Manager's cabin and scrutinizing the records.
In the afternoon, Murthy called Bhaskar over intercom and asked him to come to his cabin.
When Bhaskar entered Murthy's cabin, one of the auditors asked him, "Mr. Murthy! Did you issue this Bank Guarantee yesterday?" showing him the copy of Bank guarantee issued by him for Rohini Constructions.
"Yes" said Bhaskar, looking at Murthy. "The Manager was on leave yesterday."
"That is fine. But how did you issue the bank Guarantee, without getting the documents signed by the firm and without getting the property to be given as security mortgaged?"
Bhaskar looked at Murthy, wondering why he didn't say, 'I asked him to issue it.'
"I issued the Guarantee, because the Manager asked me to issue it" said Bhaskar, looking at Murthy.
"Mr. Bhaskar! I asked you to issue the Guarantee, only after getting the documents signed and completing all the formalities!" said Murthy, looking at Bhaskar.
Bhaskar felt his body suddenly beginning to sweat. A wave of surprise, shock, panic and anger swept his body.
'How is he able to lie, looking at my face?'
"Okay. You may go" the auditors dismissed him.
The next day, immediately on coming to the office, Murthy called Bhaskar to his cabin.
"The auditors have magnified a small thing. They immediately informed the Head Office about this. The Head Office too has, unfortunately, taken a serious view of the matter. I am sorry, Bhaskar! I have received a fax message from the Head Office, suspending you" said Murthy, showing the fax message to Bhaskar.
Bhaskar looked at the fax message, with a feeling of incredulity and shock.
"What is this, sir? I refused to issue the Bank Guarantee. I issued it only because you asked me to"
Evan as Bhaskar was speaking, his voice became choked. He controlled his tears with a great effort.
"Even if I had told the auditors that you acted as per my instruction, you would still have been held responsible for violating the bank's rules. They would have suspended both of us. Don't worry. I will get the documents signed by the partners and also get the property mortgaged, within a few days. Once this is done, the Head Office will revoke your suspension. Till that time, stay home, relaxed" said Murthy, with no regret or embarrassment.
'I have done no wrong and I am being punished. You are the culprit, but you have been allowed to go scot free' thought Bhaskar, feeling angry inside.
Gauging the thoughts running in Bhaskar's mind, Murthy said, "You will not be affected in any way by this suspension. Once the suspension is revoked, you can resume your duty. But, if I had been suspended, I wouldn't be allowed to continue as the Branch Manager, after my suspension is revoked. They would downgrade my position and transfer me to some remote branch. If someone falls from height, the impact will be more, won't it be?" trying to justify his action.
'You will fall from an even greater height. At that time, you will get hurt very severely. I will witness this some day!' thought Bhaskar.
As he had told Bhaskar, in the next few days, Murthy got the documents signed by both the partners of Rohini Constructions and also got the mortgage created on the property to be given as security by the firm. He informed this development to the Head Office.
After two weeks, the Head Office revoked Bhaskar's suspension, giving him a warning.
During this period, Murthy underwent a lot of mental agony from the humiliation suffered by him, the pain resulting from the apprehension that some people at his office and outside might have considered him guilty and the uneasiness created by the feeling that on that day, he should have stood his ground and refused to act as per Murthy's instruction over phone.
After resuming his duty on revocation of his suspension, Bhaskar began to look for another job.
After a few months, he got a job in a finance firm. It was no match to the job he had in the bank, but after the humiliation he had suffered in the bank, he didn't want to continue in his job. He quit the job in his bank and joined the finance firm.
Since he was working in the same town, which was small, he happened to meet Murthy a couple of times in public places. The very sight of Murthy would provoke an anger in Bhaskar. But suppressing his anger, Bhaskar would smile at Murthy, in a courteous way. Murthy would talk to him, as if nothing had happened between the two.
Some times, Murthy would brag to him about his achievements and recognitions. Bhaskar would listen to his vainglorious talk for a minute or two and move away, saying that he had other things to do.
After a few years, when Bhaskar happened to meet Murthy, Murthy told him proudly, "Bhaskar! Good news. I have got a promotion. I have been posted the Chief Manager of our Bombay branch."
"Congratulations" said Bhaskar, tersely.
'To me the only good news will be something bad happening to you. However, for the present, I will consider your leaving this place and being away from my sight a good news!' thought Bhaskar.
For the next two years, Bhaskar heard no news about Murthy. But the memory of the harm Murthy had done to him was haunting him frequently, rekindling his anger towards Murthy.
One day, Bhaskar happened to see a news item published in one of the inner pages of a newspaper, without much prominence. Intrigued by a name he found in that news story, Bhaskar read it with interest.
The news was about the Central Bureau of Investigation arresting a few bank officers for their complicity in the fraud committed by an industrialist by cheating some banks of hundreds of crores of rupees.
The list of bank officers arrested contained the name Murthy, the Chief Manager of the Bombay branch of the bank, Bhaskar had worked in.
Section 2
Knowing One's Strength
thAkkaRkup pErum thakaiththu.
Verse 487