IOCL Rubbishes Allegations And News Reports Related To Bribery, Levelled By U.S. Department Of Justice
Certain sections of the media had published a tarnishing report against IOCL and a U.S. Based Company - Albemarle Corporation
Indian Oil Corporation Limited (IOCL) has hit back strongly against accusations of corruption levelled against it, in relation to its dealing with American company – Albemarle Corporation.
In a filing with the National Stock Exchange (NSE) today, the top oil behemoth PSU has said that “the Company is neither a party to nor these is any allegation against the Company in relation to the proceedings referred in the said news articles”.
The statement goes on to say that “However, the Company has initiated an internal fact finding review concerning the incident which allegedly occurred in 2009 to thoroughly understand the facts surrounding these allegations and to determine the appropriate steps to be taken”.
The statement issued by IOCL is given below for the benefit of the viewers of www.indianpsu.com –
