Company Directory - Srinagar Smart City Limited
Company Details - Srinagar Smart City Limited
Srinagar Smart City Limited
WebsiteSrinagar, India
A special purpose vehicle established to implement the Smart City Mission in Srinagar, focusing on urban development, smart infrastructure, and technology-driven solutions to enhance urban living.
CCI Score
CCI Score: Srinagar Smart City Limited
-57.36
0.03%
Latest Event
Corruption Allegations and Use of Substandard Materials in SSC Projects
The Anti-Corruption Bureau registered inquiries against Srinagar Smart City Limited over misappropriation of materials and the use of substandard building materials in key urban development projects. These allegations raise serious concerns about the company’s ethical business practices and its role in undermining public trust and service quality, which can contribute indirectly to authoritarian governance.
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QUISLING
Srinagar Smart City Limited is currently rated as a Quisling.
Latest Events
- JAN152025
The Anti-Corruption Bureau registered inquiries against Srinagar Smart City Limited over misappropriation of materials and the use of substandard building materials in key urban development projects. These allegations raise serious concerns about the company’s ethical business practices and its role in undermining public trust and service quality, which can contribute indirectly to authoritarian governance.
-70
Business Practices and Ethical Responsibility
March 17
Srinagar Smart City Limited is under investigation for corruption involving misappropriation of materials and the use of substandard construction materials in its urban development projects. Such unethical procurement and management practices compromise infrastructure safety and public accountability, indirectly facilitating environments where authoritarian practices can take root by undermining democratic oversight.
Srinagar Smart City project: ACB launches two more inquiries, NC raises concern over corruption
- JAN142025Investigation into Unethical Procurement and Regulatory Bypass in Srinagar Smart City Project
-34.65
An investigation by the Anti-Corruption Bureau into the misappropriation of construction materials and the bypassing of mandatory procedures in the Srinagar Smart City project has raised serious concerns about unethical business practices and regulatory capture.
-40
Business Practices and Ethical Responsibility
March 17
The investigation indicates that officials and the beneficiary contractor diverted quality construction materials for personal gain, bypassing mandatory procedures. This misappropriation and unethical management of procurement processes undermine public trust and reflect poor business practices that can weaken institutional accountability.
ACB Investigates Substandard Work in Srinagar Smart City Project
-30
Economic and Structural Influence
March 17
The investigation also highlights a troubling collaboration between project officials and the beneficiary contractor, where mandatory procedures were deliberately bypassed. This collusion suggests elements of regulatory capture and economic collaboration that compromise the integrity of public projects.
ACB Investigates Substandard Work in Srinagar Smart City Project
- JAN102025
A corruption scandal has implicated senior officials of Srinagar Smart City Limited in misappropriating public funds and accumulating disproportionate wealth, undermining ethical practices and public trust.
-70
Business Practices and Ethical Responsibility
March 17
The corruption scandal involving senior executives exploiting their positions to amass illicit wealth represents a serious breach of ethical responsibility in business practices. This misuse of public resources and deviation from standards of accountability not only undermines public trust but also indirectly weakens democratic institutions, thereby contributing to an environment that may enable authoritarian practices.
- JAN102025
An investigation by the Anti-Corruption Bureau uncovered serious financial irregularities and corruption by senior officials at Srinagar Smart City Limited, raising concerns over the company's commitment to ethical business practices and undermining public trust in urban development initiatives.
-60
Business Practices and Ethical Responsibility
March 17
The corruption scandal involving financial misappropriation by top officials, including the CFO and Executive Engineer, reflects significant ethical breaches and a failure to adhere to responsible business practices. This malpractice undermines public trust and accountability, potentially facilitating a broader erosion of democratic oversight in urban development projects.
Srinagar Smart City Project Plagued by Corruption: Two Senior Officials Under Investigation
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