VB Engineering conducts business honestly, transparently, and with zero tolerance for bribery and corruption in any form. This Policy sets our standard for every employee, contractor, agent, and vendor in every country where we operate.
VB Engineering has zero tolerance for bribery and corruption. This applies to every VB employee, contractor, agent, consultant, joint-venture partner, subcontractor, and any third party acting on our behalf, in every country where we operate, without exception. Any breach is grounds for termination of employment or contract, forfeiture of pending compensation, and referral to regulatory or law-enforcement authorities.
We comply with all anti-bribery and anti-corruption laws applicable to our operations, including without limitation:
Offering, promising, giving, requesting, or receiving anything of value (cash, gift, entertainment, favour, employment offer, or benefit of any kind) with the intent to influence or reward the improper performance of a function or activity by any person, whether public official or private party.
Even small "grease" payments to expedite routine government action · customs clearance, permit issue, utility connection · are prohibited under UK Bribery Act and FCPA (for public-integrity offences). VB does not authorise facilitation payments.
Any arrangement where a portion of a contract price is returned, formally or informally, to a decision-maker on the buyer side, in cash or in kind.
Gifts or hospitality that are not reasonable, proportionate, transparent, or aligned with business purpose. See §05 for the permitted-hospitality framework.
VB does not make political contributions in cash or in kind, in any country, in any name, without prior written Board approval.
Charitable giving is permitted through governance-reviewed channels, but never as a means to secure or reward improper action by any person or entity.
A public official includes: (a) any officer or employee of any government, state-owned enterprise, or public international organisation; (b) any officer or employee of a national oil company (Saudi Aramco, ADNOC, QatarEnergy, KOC, PDO, BAPCO, ONGC, IOCL, BPCL, HPCL, and equivalents); (c) any officer or employee of a state-owned utility or infrastructure operator; (d) any political party, candidate, or officeholder; (e) any judge, arbitrator, or regulator. VB imposes heightened diligence on interactions with any person meeting this definition.
Reasonable, proportionate, transparent business hospitality is permitted, subject to pre-approval for any item above USD 100 in value or any interaction with a public official. Meals, standard conference invitations, and small promotional gifts within monetary thresholds are permitted. Cash gifts, gift cards, personal-benefit vouchers, and any hospitality provided during an active competitive procurement are prohibited without exception.
Every transaction is recorded accurately, in reasonable detail, and in the correct account. No "off-the-books" accounts, no false invoices, no misclassified expenses, no unrecorded assets. Financial controls include separation of duties, dual signature above thresholds, and periodic internal audit review.
Before engaging any agent, intermediary, commercial representative, joint-venture partner, subcontractor, or reseller who will interact with public officials or a client procurement function on our behalf, we conduct risk-based due diligence including: (a) beneficial-ownership review, (b) sanctions screening, (c) reputation check, (d) prior-conduct check, (e) contractual anti-corruption representations and warranties, (f) audit rights, (g) termination-for-cause on breach.
Any employee, contractor, agent, vendor, or third party may report a suspected bribery or corruption concern through:
VB does not tolerate retaliation of any kind against any person who reports a concern in good faith. Reports are handled confidentially and investigated promptly.
The Board of Directors of VB Engineering India Private Limited holds ultimate accountability for this Policy. Day-to-day implementation is delegated to the Chairman and to designated Compliance Officers in each geography. Annual training is mandatory for all VB personnel.
Reports of suspected bribery, corruption, or ethics violations may be submitted to [email protected] or to any member of the Board.