The Defence Ministry has banned all business dealings and transactions with fugitive arms dealer Sanjay Bhandari’s firm Offset India Solutions (OIS) Pvt Ltd and its Group Companies or functionaries until further orders, reported news agency ANI.
The Defence Ministry order that was approved by competent authority reads, “During the period of suspension, business with the said firm will be regulated in terms of MoD guidelines for Penalties in Business Dealing with entities dated 21.11.2016.”