Corruption probe to cover CPSE independent directors too

The Department of Public Enterprises has broadened its investigation scope into corruption cases involving central public sector enterprises, now including non-official and independent directors. Revised vigilance guidelines empower chief vigilanc...

TIL Creatives
New Delhi: The Department of Public Enterprises (DPE) has expanded the scope of investigation of corruption cases involving central public sector enterprises (CPSEs), bringing non-official and independent directors under vigilance purview alongside CMDs and CEOs.

A group of senior officers - headed by the secretary, coordination, cabinet secretariat - will probe complaints against top management received and referred by the Prime Minister's Office or cabinet secretariat in instances where there are no departmental enquiry.

The revised vigilance guidelines also empower chief vigilance officers of CPSEs to send enquiry reports directly to the secretary of the concerned ministry, without consulting the CMD if the latter's role is also under scrutiny.


The rules are applicable to public sector banks and financial institutions also.

The DPE has fixed a timeline of 30 days for the concerned ministries and departments for submission of the initial report on all the allegations made and a maximum of 15 days for furnishing any clarifications or additional information sought by the group of officers.

Corruption Probe to Cover CPSE Indp Directors Too

ADVERTISEMENT

The DPE has sent the new guidelines to all administrative ministries and departments to bring them to the notice of CPSEs under their jurisdiction and ensure compliance on "urgent basis."

The department emphasised the need for adequate personnel to carry out investigations, disciplinary proceedings, and anti-corruption work. It asked CPSEs to fill all the vigilance posts on priority basis and ensure 50% posts are filled from other CPSEs.

Vigilance clearance:

The new guidelines also make vigilance clearance processes more stringent, and lays down that clearance will be denied to officials who fail to file annual immovable property returns.
ADVERTISEMENT

Download
The Economic Times Business News App
for the Latest News in Business, Sensex, Stock Market Updates & More.
Download
The Economic Times News App
for Quarterly Results, Latest News in ITR, Business, Share Market, Live Sensex News & More.
READ MORE
ADVERTISEMENT

READ MORE:

LOGIN & CLAIM

50 TIMESPOINTS

More from our Partners

Loading next story
Business News › News › Economy › Policy › Corruption probe to cover CPSE independent directors too
Text Size:AAA
Success
This article has been saved

*

+