CEO Tab
  • Home
  • Prime News
  • International Market
  • Special Report
  • Corporate
  • Opinion
  • Next Gen
  • Entertainment
No Result
View All Result
CEO Tab
  • Home
  • Prime News
  • International Market
  • Special Report
  • Corporate
  • Opinion
  • Next Gen
  • Entertainment
No Result
View All Result
CEO Tab
No Result
View All Result
Home Prime News

Irregularities worth over Rs 1 billion in import of chemical fertilizer

CEO Tab by CEO Tab
January 3, 2022
in Prime News
0
Urea fertilizers imported on subsidy allegedly misused

????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????

74
SHARES
1.2k
VIEWS
Share on FacebookShare on Twitter

At a time when the farmers have been beseeching the politicos and government officials for the chemical fertilizer for long, the officials in the Agriculture Inputs Company Ltd, the government body to supply the fertilizers, are found to have been involved in the financial irregularities while importing chemical fertilizers in cahoots with the suppliers.

You might also like

Three Firms Penalized in Market Monitoring Drive

Government Unveils Action Plan to Execute 16th Periodic Plan

Nepal Assesses Economic Risks as West Asia Conflict Escalates

As per the case filed against the Company officials by the Commission for Investigation of Abuse of Authority (CIAA), the Company was found irregularities while importing nonstandard chemical fertilizers.

The CIAA investigation showed that the Company under the Ministry of Agriculture and Livestock failed to meet the quality criteria while importing the DAP fertilizer for the fiscal year 2077/2078BS. They embezzled such huge amounts by buying low-quality fertilizer.

The Company had asked Nepal Environmental and Scientific Service Pvt to give a report against competitive bid in line with the Chemical Fertilizer (Control) Order, 2055, and Public Procurement Act, 2063 and Regulation.

The imported chemical fertilizer failed to meet the quality/standard set by Nepal Quality Control and Metrology Department. Payment of Rs 1.53 billion was made by preparing a fake report.

The CIAA filed the case against Managing Director at Agriculture Inputs Company, Netra Bahadur Bhandari, Manager Bishnu Prasad Pokhrel, Assistant Manager Durga Prasad Pande, Deputy Manager Puskar Dip Budha with the demand of the recovery of Rs 1.53 billion. Information to this was shared by CIAA Spokesperson Narayan Risal on Sunday.

The CIAA also filed the case against Managing Director at Nepal Environmental and Scientific Service Pvt, Salil Devkota, Lab Director Sunil Babu Khatri and others. Similarly, the supplier Binit Joshi of Joshi Biz House Pvt has been filed a case in the Special Court with the demand of similar recovery.

Share30Tweet19
CEO Tab

CEO Tab

Recommended For You

Three Firms Penalized in Market Monitoring Drive

by CEO Tab
March 25, 2026
0
Government monitors over 1,300 business firms

The Department of Commerce Supply and Consumer Protection Nepal has taken action against three firms during a recent market monitoring initiative. Dasharath Grocery Pvt Ltd was fined Rs...

Read more

Government Unveils Action Plan to Execute 16th Periodic Plan

by CEO Tab
March 25, 2026
0
NPC directs to carry out a feasibility study of tunnel in Myagdi

The government has released a detailed action plan to implement the 16th Periodic Plan (2081/82–2085/86), aligning policies, strategies, and programmes with clear timelines and expected outcomes. The plan,...

Read more

Nepal Assesses Economic Risks as West Asia Conflict Escalates

by CEO Tab
March 25, 2026
0
Finance_Ministry

The Ministry of Finance Nepal (MoF) has begun evaluating the potential economic impact of rising tensions in West Asia, aiming to recommend strategies that could help the government...

Read more

Nepal Insurance Authority Penalizes Seven Insurers for Regulatory Violations

by CEO Tab
March 25, 2026
0
NIA curbs on investment of reinsurance companies

The Nepal Insurance Authority (NIA) has taken disciplinary action against seven insurance companies—three life insurers and four non-life insurers—for breaching regulatory requirements and provisions outlined in the Insurance...

Read more

Nepal Reinforces Mandatory Guide Rule for Trekking in Restricted Areas

by CEO Tab
March 24, 2026
0
Nepal Makes Digital Registration Mandatory for Foreign Visitors from January 2026

The Department of Immigration (DoI) has reiterated the government policy requiring trekkers to hire licensed guides when traveling to restricted areas across 13 districts in Nepal. According to...

Read more
Next Post
NTB imparts online tourism protocol training

Over 150,000 foreign tourists visit Nepal in 2021

Browse by Category

  • Corporate
  • Entertainment
  • Featured
  • International
  • Major Story
  • Next Gen
  • Opinion
  • Prime News
  • Special Report
  • Tete – A – Tete

EDITOR

Manish Raj Poudel
info@ceotab.com
9841317747


PUBLISHED BY

Welcome Group
www.welcomeadnepal.com

Publisher

www.ceotab.com is a premium news portal being run by Welcome Group. The website features quality business/economic news contents,  in-depth profiles of companies, stories of struggle and success of entrepreneurs, articles that assess various dimensions of  the commerce, trade and economy.

Editor

Manish Raj Poudel

info@ceotab.com

9841317747

Sub-Editor

Riza Poudel

poudelriza@gmail.com

Archives

© 2023 CEO Tab. All rights reserved.

No Result
View All Result
  • Home
  • Prime News
  • International Market
  • Special Report
  • Corporate
  • Opinion
  • Next Gen
  • Entertainment

© 2023 CEO Tab. All rights reserved.