ONGC becomes India's first PSU to get certified for Anti-Bribery Management System

ONGC becomes India's first PSU to get certified for Anti-Bribery Management System

Daily Current Affairs   /   ONGC becomes India's first PSU to get certified for Anti-Bribery Management System

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Category : Awards Published on: July 13 2023

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  • Oil and Natural Gas Corporation becomes the first Central Public Sector Enterprise (CPSE) in India to receive certification for its Anti-Bribery Management System (ABMS) by INTERCERTUSA, an internationally accredited certification body. 
  • ONGC was the first organization in India that adopted the Integrity Pact (IP) by Transparency International in 2005. 
  • An international accredited certification body InterCert USA allows organizations to prevent, detect and address bribery by adopting an Anti-bribery policy, appointing person(s) to oversee anti-bribery compliance, training, risk assessments and due diligence on projects and business associates, implementing financial and commercial controls, and instituting reporting and investigation procedures.
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