Ministry of Defence debars six companies for 10 years

Ministry of Defence debars six companies for 10 years

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CSR_India10[1]

 The Ministry of Defence debared six firms- M/s Singapore Technologies Kinetics Ltd.  (STK), M/s Israel Military Industries Ltd. (IMI), M/s Rheinmetall Air Defence (RAD), Zurich,  M/s Corporation Defence, Russia (CDR), M/s TS Kisan& Co. Pvt. Ltd., New Delhi and M/s  RK Machine Tools Ltd., Ludhiana – from further business dealings with the Ordnance  Factory Board, Department of Defence Production, MoD, for a period of ten years.

 The action was taken on the recommendation proposed by CBI as it was avered that Ghosh had entered into conspiracy with other accused with the object of demanding and obtaining illegal gratification for various defence procurement orders placed by OFB and also in the matters relating to transfer or posting of the officers of Ordnance Factories.

 

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CSR VISION
CSR VISION is India’s ( probably world’s ) first monthly magazine in print devoted to CSR and Sustainable Development for bringing together all stakeholders of SUSTAINABLE DEVELOPMENT at a global and local levels and act as a platform for promoting strategic CSR and sustainable development practices through dissemination of information and knowledge.