NMDC director under probe to continue termhttps://indianexpress.com/article/news-archive/web/nmdc-director-under-probe-to-continue-term/

NMDC director under probe to continue term

NMDC informed the BSE in a regulatory filing of the ministry’s decision to allow Nanda continue his present charge.

The steel ministry has allowed NK Nanda,director-technical,at NMDC Limited to continue for three more months despite the Central Vigilance Commission (CVC) asking for administrative action against him for tweaking tender criteria to allow Italian firm Danieli win the contract for supplying steel plant making equipment at the upcoming plant in Chhattisgarh.

The anti-corruption watchdog has alleged that Nanda,along with S Thiagarajan,director-finance,scuttled competition to allow the Danieli-led consortium win the contract which benefited vendors by over Rs 250 crore.

NMDC informed the BSE in a regulatory filing of the ministry’s decision to allow Nanda continue his present charge.