Pimpri-Chinchwad civic blacklists 18 contractors over bogus bank guarantee, FDRs
A contractor who bags a civic contract after going through the normal tendering process has to submit bank guarantees and fixed deposit receipts to prove that he or she had the financial strength to carry out the project. Updated: December 22, 2020 6:42:16 pm
Pimpri-Chinchwad Municipal Corporation (File)
The Pimpri-Chinchwad Municipal Corporation has launched a probe in the allegations of a flourishing racket of bogus bank guarantee and fixed deposit receipts involving private contractors. The civic administration has already black-listed 18 contractors who were found to have submitted bogus bank guarantees and fixed deposit receipts.