ORDER

This writ petition has been filed to call for the records in ZO/DA:GM(BARP)-ZO: VIG : 9297 & 9656 : 509 : 2019-2020 dated 01.08.2019 of the second respondent and to set aside the same as illegal and without jurisdiction.

2. Heard Mr.S.Sathiaseelan, learned counsel for the petitioner, Mr.K.Srinivasamurthy, learned counsel for the respondents and perused the materials placed on record, apart form the pleadings of the parties.

3. The petitioner, who was working as Chief Manager, has been suspended from service just two days prior to his date of superannuation. The impugned charge sheets were issued in respect of three loan accounts handled by the petitioner.

4. The learned counsel for the petitioner submitted that the above charge memo itself is illegal because it has been issued in violation of the Staff Accountability Policy, IOB Pension Regulations, 1995. He further submitted that as per the above Regulations, no action should be initiated against any officials in respect of any allegations of loss after the expiry of four years from the date of the event and that too, not detected in two consecutive internal inspections. The procedure contemplated under the Staff Accountability