Blacklisting of Companies Whenever any allegation of irregularity - TopicsExpress

Blacklisting of Companies Whenever any allegation of irregularity in defence procurement is received, an enquiry is made in the matter. If required, suitable punitive action is taken as per the procedure and Law. No time limit can be fixed in such matters. Following six firms were debarred in April, 2012 from further business dealing for a period of 10 years: M/s Singapore Technologies Kinetics Ltd. (STK). M/s Israel Military Industries Ltd. (IMI). M/s T.S. Kisan& Co. Pvt. Ltd., New Delhi. M/s R.K. Machine Tools Ltd., Ludhiana. M/s Rheinmetall Air Defence (RAD), Zurich. M/s Corporation Defence, Russia. This information was given by Defence Minister Shri AK Antony in a written reply to Shrimati Jaya Prada and others in Lok Sabha today. Source: PIB, Government of India, Ministry of Defence

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