The Department of Public Enterprises (DPE) has advised all administrative departments to issue necessary instructions to all public sector enterprises under their administrative control to curb the practise, it said. Following this, the Department of Financial Services (DFS) has issued instructions to all public sector banks, insurance companies, financial institutions to stop the practise of obtaining donations. "All Chief Vigilance Officers (CVOs) of public sector banks and enterprises have been asked to take necessary action in case they come across such instances," a senior CVC official said. The Central Vigilance Commission has red-flagged the setting up of NGOs by employees of public sector banks and enterprises to get donations from contractors or other persons having official dealings with them and has warned them of strict action. According to CVC, such contributions may lead to unethical practices and misuse of power.

Source: dna August 01, 2016 13:18 UTC