MUMBAI, NEW DELHI, Aug 17: The State Bank of India (SBI) has decided to reinstate its chief manager R L Walker and deputy manager VN Patil. The officers, working at the SBI main office, were suspended two months back for their alleged involvement in Rs 58 crore CRB Capital Market scam.Earlier, on the demand from the SBI Officer's Association, SBI management had reinstated MM Narang of the same branch on the compensatory grounds and had agreed to withdraw the suspension orders of the other two within 60 days in case the investigation against them is not completed within this time. Immediately after the suspension of three officials on June 11, SBI Officer's Association through a week-long agitation had forced the SBI management to reduce the normal period of investgation from 120 days to 60 days.``The final order of reinstatement of these two officials would be issued as soon as the Chairman MS Verma returns from abroad,'' said a senior SBI official.In terms with the agreement with the union the SBI had conducted a fast preliminary enquiry within the stipulated 60 days which had failed to find any malafide intention by the three officials.Sources said, though reinstated, the cases against these officials would not be closed down before another round of thorough investigation.Meanwhile employees of the Daewoo Finance Ltd have approached the Delhi High court for defreezing the company's bank accounts so that their salaries can be disbursed.An application moved by Devesh Kumar, senior vice-president of the company, on behalf of himself and 13 other employees of Daewoo, urged the court to defreeze the account and direct the company to pay on a priority basis the salaries and emoluments of the employees. Due to the freezing of accounts, the worst sufferers were the employees.
