Report of financial irregularities
A share holder and also the former director of a bank sought information about the alleged report sent to Chief General Manager of the Bank regarding the financial irregularities by certain individuals and the actions have been taken with regards to the report. It was denied claiming that the charges were not found to be true and the details of the enquiry can not be provided as the information is held by the RBI in a fiduciary capacity. The PIO also claimed exemption u/s 8 (1)(d) of the RTI Act observing that it would effect the commercial confidence of the said bank. The CIC upheld the order holding that being a share holder or a former Director of the said bank has no impact on the said exemptions.
Comments
Though enquiry reports are the result of a public activity, all such reports are not to be automatically put in the public domain.