Utilization of Public Funds

Case: You are working in a State owned National Bank as a bank manager. You realized that the previous bank manager has indulged in fraudulent practices by giving loans to people without legal verification. The bank is now facing losses, but the manager has fudged the accounts books and managed to swerve the audit by bribing the auditors. You have filed a police report on the fraud. You came to know that the above bank manager and people involved have moved abroad. So, now the money cannot be recuperated.

a) As a bank manager, what should you do, so that ....