New Delhi, May 04: Blacklisted by the World Bank for alleged corruption and wrong doing, Videocon Industries today said that it has moved a petition to revoke the ban.
“We approached the World Bank in February, 2010, to revoke the ban … after some hearings, we hope it will be done,” Videocon Chairman Venugopal Dhoot told reporters, shortly after the global lender’s decision became public.
Dhoot said that the action came on account of some wrong information given by one of its employees in a tender in 2003 for supplying airconditioners worth about USD 50,000.
“We suspended that employee and took disciplinary action.
We have so far not supplied anything to the World Bank,” he said, adding that given the size of the group this was not a very significant order and his firms would not do anything wrong for securing any supply order.
—Agencies