J&K govt. blacklists Reliance General Insurance Company Limited for 2 years
The J&K government has blacklisted Reliance General Insurance Company Limited for two years due to eligibility issues in a previous agreement. This decision follows an investigation that revealed the company conspired with a broker to secure a contract without meeting necessary criteria. Allegations include cheating the government and money laundering related to the insurance scheme for government employees.
- ▪The J&K government blacklisted Reliance General Insurance Company Limited for two years.
- ▪The blacklisting is a result of an investigation into the company's eligibility for a government insurance scheme.
- ▪The investigation revealed that RGICL conspired with a broker and committed money laundering.
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The J&K government on Tuesday (April 28, 2026) blacklisted the Reliance General Insurance Company Limited (RGICL) for a period of two years in the Union Territory (UT), in the backdrop of the investigation agencies’ report that the company entered into an agreement with the Union Territory (UT) administration “even without having the required eligibility”.“In order to safeguard public interest and ensure probity in public procurement, the M/S Reliance General Insurance Company Limited is hereby blacklisted/debarred for a period of two years from participating in any bidding or procurement process to be initiated by the Government of Jammu & Kashmir,” said an order issued by the Finance department of the J&K government.The government of J&K entered into a tripartite agreement on October…
Excerpt limited to ~120 words for fair-use compliance. The full article is at The Hindu.
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