Kerala University orders recovery of ₹16.5 lakh from faculty member for erroneous foreign remittance
Kerala University is demanding that a faculty member compensate for a ₹16.5 lakh loss caused by an erroneous foreign currency transfer by the State Bank of India. The faculty member and teachers' union argue the bank is liable for the mistake, not the individual.
Why it matters
The case highlights institutional accountability and the complexities of international financial transactions within academic settings.
The Kerala University has ordered the recovery of nearly ₹16.5 lakh that was allegedly lost in a controversial foreign currency transfer involving the university’s Centre for Latin American Studies (CLAS). An official communication from the Registrar has ordered CLAS Director, Prof. Girish Kumar R., to compensate the amount. However, the Kerala University Teachers’ Organisation (KUTO) has criticised the move, which purportedly ignores the financial error committed by the State Bank of India (SBI) in the erroneous transfer.
The article balances the university's administrative stance with the faculty member's defense and the union's criticism.
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