In a bold move to curb corruption and misconduct, the government has blacklisted 51 contractors for diverting funds to the parallel market. This decisive action aims to prevent these companies from doing business with any government ministry or department, effectively cutting off their access to public funds.

The blacklisted contractors were found to have engaged in illicit activities, including channeling funds to the illegal foreign exchange market and fueling parallel market activities. By taking this step, the government is sending a strong message that corruption and misconduct will not be tolerated.

The crackdown is part of a broader effort to ensure transparency and accountability in government dealings. The government has also introduced measures such as the value for money concept, which prescribes the blacklisting of suppliers that fleece the government.