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It was alleged in the report that an MoU was signed between ILBS and the company of Chief Secretary’s son on January 24, 2023, that provided ”a huge scope for profiteering to the company by providing it with joint intellectual property rights for any intellectual property developed through the project and 50 per cent share of profits by both parties for any future commercialisation of work.” ”Prima facie it appears that Naresh Kumar has acted in violation of All India Services Conduct Rules and has used his position to enable a lucrative collaboration for his son’s company at a loss to the public exchequer,” the report alleged. The report also recommended immediate termination of the MoU. Advertisement
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