Editorial

Bank robbery one time too many

Depositors' money getting insecure
Vaults of some banks may have lost the impregnability they once were known for, with robbers or inside operators spiriting away money in a cakewalk. A city branch of the Pubali Bank is the latest casualty of a hefty amount disappearing from its vault along with a security guard of the bank itself.

So it looks like being a chink in the internal armoury, as it usually is. The circumstances in which the vault of the bank was unlocked appear to have been inherently vulnerable --two of the three security personnel of the bank were reportedly away from their posts with just one man left to himself on that night.

The upshot of it all is not hard to predict. People will begin to feel that their money is not safe even in a bank. Only the other day, there was an incident of dacoity in another branch of the same bank signalling a fresh need for alert which apparently went unheeded. Banks as the custodians of public money have to have fool-proof internal safeguards against all kinds of security breaches. Externally, it is expected at the same time that law enforcers would keep vigil around banks and financial institutions, especially at night-time. But the recent incidents of robbery and theft do not suggest that they have been keeping tab on what has been going on in certain areas. Even in the case of an insider's job, their night-time surveillance could be preemptive. Pragmatically speaking however, banks should have the best security arrangements of their own for the safe-keeping of public money.

Bank robbery or mysterious disappearance of money from vaults must not be treated as ordinary crimes. Rather, the decision-makers need realising that criminals have managed to make inroads into the heart of our financial transaction system, that is, the banks. Most of these are organised crimes, which can only be prevented if the law enforcers succeeded in gathering prior information about a criminal act in the making so as to freeze them on their tracks. That said, bank robberies must be checkmated before they further erode public confidence in financial institutions.