The violations I see according to the drawing is the lack of primary and secondary protection at the transformer. The other question that comes to mind that others have mentioned is the panel listed for use in this way??
The use of 2 poles breakers in the manner shown is needed for many grounded circuits in many classified areas. (must simultaneously disconnect the grounded conductor). Most 2 pole breakers are listed for 120/240.
The transformers have primary protection, I omitted it for simplicity. The 25kva units are protected by a fused disconnect with 50amp 600v fuses.
According to the NEC 240.21, a 2 wire secondary does not need protection because the primary gives this the needed protection:
(1) Protection by Primary Overcurrent Device. Conductors
supplied by the secondary side of a single-phase transformer
having a 2-wire (single-voltage) secondary, or a
three-phase, delta-delta connected transformer having a
3-wire (single-voltage) secondary, shall be permitted to be
protected by overcurrent protection provided on the primary
(supply) side of the transformer, provided this protection is in
accordance with 450.3 and does not exceed the value determined
by multiplying the secondary conductor ampacity by
the secondary-to-primary transformer voltage ratio.
Single-phase (other than 2-wire) and multiphase (other
than delta-delta, 3-wire) transformer secondary conductors
are not considered to be protected by the primary overcurrent
protective device.
The way I see it is a current of 50amps on the primary gives a secondary current of 200amps at 120 on the secondary 3/0 copper conductors. The panel buss is 225 amps rated so I think this part is safe. Calculated load comes out as about 135 amps worst case scenario.
As for the panel listing Im clueless I can not find any documents saying yes or no.