Troubling allegations have emerged from employees at Paramount Bank, Westlands branch.
They accuse a senior manager, Mrs. Meena Parmar, of fostering a toxic work environment filled with intimidation, exploitation, and misconduct.
These revelations have sparked widespread concern about the internal practices of the bank and the treatment of its employees.
According to anonymous sources within the organization, Mrs. Parmar is accused of subjecting staff to verbal abuse, denying them well-deserved promotions, and fostering an atmosphere of fear and oppression.
Employees claim that her management style involves public humiliation, constant fault-finding, and undue pressure on junior staff, significantly affecting workplace morale.
Beyond her alleged harsh behavior, serious accusations regarding financial misconduct have also surfaced.
Reports suggest that Mrs. Parmar is rumored to accept gifts from clients in exchange for expediting loan approvals and turning a blind eye to overdrawn accounts.
Even more concerning are claims that she allegedly withdrew large sums from clients’ accounts without authorization and redirected these funds for personal benefit, including to a construction company linked to her son-in-law.
The situation reportedly prompted the bank to launch an internal investigation.
However, employees express skepticism about its sincerity, with some suggesting it is a mere formality designed to shield Mrs. Parmar and protect the bank’s image.
They allege that CEO Ayaz Merali is personally invested in defending her, possibly due to alleged personal ties and undisclosed financial dealings.
One anonymous employee shared a detailed account of their ordeal: “We have faced daily harassment from Mrs. Parmar. She is rude and corrupt, taking customer favors to approve loans and ignoring protocol breaches.
She has delayed our promotions intentionally and shouted at us in front of clients.
We feel trapped in our own country by this unfair treatment and racism.”The bank’s handling of the matter has drawn criticism from employees who believe that Mrs. Parmar’s temporary leave to Kisumu was merely a tactic to quiet dissent and recover misappropriated funds.
Despite the ongoing investigation, many within the bank doubt that justice will be served without public scrutiny.Staff members are now calling for external intervention and greater accountability to address their grievances and restore integrity at the bank.
They hope that shedding light on their experiences will prompt meaningful action and protect them from further mistreatment.
This situation highlights the importance of ethical management practices and the need for organizations to listen to employees’ concerns.
Only through transparency and accountability can such issues be addressed, ensuring a safe and respectful environment for all workers.
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