Policy for Providing Incentives to Officials of corporation in reporting cases of bribery/corruption and fraudulent practices.
1. It is the objective of the Corporation to ensure highest standards of Integrity, Transparency and Financial Proprietary in all its working at all levels. It is the policy of the Organization to take strict disciplinary action against any official found to be involved in fraudulent practices in his working.
2. Following sanctions are described for officials found indulging in fraudulent practices:
*Disciplinary action shall be initiated following standard procedure as laid down in Disciplinary Action Rules.
*Such staff may be, at the discretion of competent authority, repatriated back to the parent department.
3. It is the policy of the Corporation to provide incentives to officials who report cases of bribery/corruption and fraudulent practices. Following incentives shall be provided to such officials:
*Public recognition including cash awards and letters of appreciation.
*For Whistle Blowers, the identity of the complainants will be kept confidential, to ensure free and bold reporting by officials.
4. If as a result of any such information provided by a member of the public, cost savings are achieved or charges of misconduct and misappropriation are proved, such members of the public will be awarded recognition by way of Letter of Appreciation at a public ceremony with or without monetary rewards.