Don’t miss the latest developments in business and finance.

CVC

The Central Vigilance Commission (CVC) has asked public sector banks, insurance companies and government departments to provide factual reports on corruption complaints sent to them by the probity watchdog within a month. The move is aimed at ensuring timely action on graft complaints and checking inordinate delays, officials said on Monday. "Chief Vigilance Officers (CVOs) are required to submit the factual report to the commission, on the basis of scrutiny of relevant records/documents only, within a period of 30 days of the receipt of the complaint/communication from the commission," the CVC said in the latest order. The CVOs act as a distant arm of the commission to check corruption. "While forwarding the factual report, the CVOs should also give their recommendations/views in clear terms," it said in the order issued to all CVOs of central government departments, public sector banks, insurance companies and central public sector undertakings, among others. The CVC has modifie

Updated On: 10 Apr 2023 | 5:46 PM IST

Leader of Opposition in West Bengal Assembly Suvendu Adhikari has informed that the Central Vigilance Commission has acknowledged the receipt and documentation of his complaint

Updated On: 06 Mar 2023 | 12:04 PM IST

The Central Vigilance Commission has asked public sector banks, undertakings and central government departments to regularly identify sensitive posts and ensure the rotation of officers manning them within the prescribed time limit. The move came after the CVC noticed that many of the organisations are not following its guidelines about the identification of sensitive posts in letter and spirit. In an order, the commission said the Chief Vigilance Officers (CVOs) -- who act as distant arm of the panel to check corruption -- in consultation with the chief executive/management of the respective organisations, should immediately undertake an exercise to identify sensitive posts in their organisations. "In future, an exercise to review and identify sensitive posts may be conducted after an interval of every three years," said the order dated October 25. Further, it may also be ensured that the officials holding sensitive posts are transferred/posted out from such posts as per the time

Updated On: 26 Oct 2022 | 5:45 PM IST

The Supreme Court on Monday sought a response from the Centre on a plea that raised the issue of vacancies in the Central Vigilance Commission (CVC). A bench of Justices S K Kaul and A S Oka issued notice to the Centre seeking a response within three weeks on the plea filed by NGO 'Common Cause'. Advocate Prashant Bhushan, appearing for the NGO, said CVC has been held to be the most important integrity institution in the country. "What is the position? How many people are manning this?" the bench asked. Bhushan said two posts are laying vacant -- one for 25 months and the other for 15 months. The plea has said that the authority has failed to fill in the vacancies in the CVC in time.

Updated On: 05 Sep 2022 | 8:20 PM IST

Delhi Lieutenant Governor VK Saxena has sought a report from the chief secretary over a delay of more than 2.5 years in acting on a CVC report on an inquiry into construction of additional classrooms in government schools, sources said. The report, which found gross irregularities and procedural lapses in execution of the projects, was sent by the CVC to the vigilance secretary in February 2020, seeking comments for further investigation and action. No immediate reaction was available from the Delhi government on the issue. "The L-G has taken a serious view of this inordinate delay that appears to be an obvious attempt at covering up gross malpractice pointing towards corruption, apart from violating relevant clauses of the CVC manual. The LG Secretariat had received a complaint enclosing a copy of the CVC communication to the Directorate of Vigilance," sources at the L-G office said. The CVC had received a complaint in 2019 regarding irregularities and cost overrun in construction

Updated On: 26 Aug 2022 | 8:30 PM IST

A Bench of Chief Justice of India N V Ramana and Justices Krishna Murari and Hima Kohli has posted the matter for next week.

Updated On: 02 Aug 2022 | 9:51 PM IST

The CVC constituted panel has given its advice after thorough examination of role of all levels of officials on 84 bank fraud cases involving amount of over Rs 3 crore in the last three years

Updated On: 19 Jun 2022 | 1:55 PM IST

The order was issued to secretaries of all central government departments, chief executives of public sector banks, and insurance companies

Updated On: 12 Jan 2022 | 8:55 PM IST

The account turned bad before he took over as SBI chairman. The underlying asset was sold to AARC following an open bidding process, months after he retired.

Updated On: 07 Nov 2021 | 11:26 PM IST

The former IPL chairman on Tuesday made serious allegations against one of the owners of two new teams

Updated On: 27 Oct 2021 | 8:38 AM IST

The statement comes at a time when the central government is engaged in legal proceedings to bring back alleged economic offenders

Updated On: 21 Oct 2021 | 2:36 AM IST

A delegation of Delhi Congress leaders on Tuesday lodged a complaint with the chief vigilance commissioner, demanding a detailed probe into the DTC bus procurement and maintenance contract issue.

Updated On: 13 Jul 2021 | 7:45 PM IST

CVC's proposal had sparked a strong backlash from Toshiba managers

Updated On: 20 Apr 2021 | 7:29 PM IST

U.S. hedge fund Farallon Capital Management has also asked Toshiba to seek multiple offers, but Oasis is the first to present what it considers a fair price.

Updated On: 13 Apr 2021 | 4:26 PM IST

A total of 27,590 complaints were received by the Central Vigilance Commission (CVC) during 2020, the government said

Updated On: 10 Mar 2021 | 5:46 PM IST

Retired bank employees should not be forgotten; bankers should be a cohesive family such as in defence, says Sitharaman

Updated On: 11 Nov 2020 | 4:05 PM IST

As many as 678 cases are under investigation by CBI, 25 of them for more than five years, as on December 31, 2019, a latest report by the Central Vigilance Commission has said

Updated On: 28 Sep 2020 | 6:11 PM IST

The Central Vigilance Commission has asked all central government departments to send probe reports in time on corruption complaints received by it

Updated On: 17 Aug 2020 | 4:45 PM IST

The tenure of CVC chief is of four years or till the incumbent attains the age of 65 years

Updated On: 25 Apr 2020 | 2:15 PM IST

Both Kothari and Julka are retired Indian Administrative Service officers

Updated On: 19 Feb 2020 | 11:25 AM IST