1. Petitioner who was working as Assistant Administrative Officer, in branch office Anantnag in Life Insurance Corporation of India, was charge sheeted on 07.06.2013 by Zonal Manager. Disciplinary proceedings under Regulation 39 of LIC of India (Staff) Regulations, 1960, was initiated after charge sheet. The charge sheet reads as under: -

Disciplinary Proceedings under Regulation 39 of LIC of India (Staff) Regulations, 1960

And

In the matter of Shri Abdul Rashid Wani, AAO S.R.No.155603, (Under Suspension) Branch Office Udhampur under Srinagar Division.

Chargesheet

You, Shri Abdul Rashid Wani, AAO, S.R.No. 155603, BO Udhampur under Srinagar Division are hereby charged as under:—

1. That, while working as AAO in BO Anantnag, you created fictitious masters under four S.S.S. policies bearing Nos. 140043002, 140043010, 140043231 & 140043232. Thereafter, being the member of core group, you shifted the F.U.P. of the above policies and as the in charge of P.S. Deptt., created fictitious policy bonds and applied for maturity payments. These