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Preventive Action April 2018

Preventive Action

Advisories are issued by the Commission from time to time to alert the organizations about the vulnerabilities in the organizations, policies, systems and procedures which pose a risk of corruption.

1.   Commission vide its  Circular No. 01/04/18 dated 06/04/2018 had issued guidelines on post tender negotiations with regard to projects funded by World Bank and other International funding agencies like IMF,ADB, etc., to all Secretaries/Chief Executives/CMDs and CVOs of Ministries/Departments/Organizations.

2.    The Commission would advise CVO's of Public Sector Banks to ensure that basic criteria like KYC, Verfication of documents, Verification and admissibillity of loan are fully complied with before considering such cases for sanction and also advised to all banks to refrain from conditional sanction.