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

NTA Warns 73 ISPs to Clear Dues Within 15 Days or Face Legal Action

Government Plans to Issue Infrastructure Bonds Within a Year to Attract Insurance Investment

Stakeholders Push for Tax Reform, Development Focus in Upcoming Budget

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

NTA Warns 73 ISPs to Clear Dues Within 15 Days or Face Legal Action

by CEO Tab
May 23, 2025
0
NTA and 257 local levels sign MoU for internet service

The Nepal Telecommunications Authority (NTA) has issued a 15-day ultimatum to 73 internet service providers (ISPs) to clear their outstanding royalties and contributions to the Rural Telecommunications Development...

Read more

Government Plans to Issue Infrastructure Bonds Within a Year to Attract Insurance Investment

by CEO Tab
May 23, 2025
0
Economic Reform Commission Recommends Major Legal Overhaul and Public Sector Restructuring

The government has proposed issuing infrastructure bonds within the next year to help diversify the investment portfolio of insurance companies and mobilize long-term funds for development projects. The...

Read more

Stakeholders Push for Tax Reform, Development Focus in Upcoming Budget

by CEO Tab
May 23, 2025
0
Budget of Rs 1.751 trillion announced for fiscal year 2023/24

As the government prepares to unveil the national budget for Fiscal Year 2025/26, stakeholders have called for comprehensive tax reforms, increased development spending, and stronger policy stability to...

Read more

Jewelry Brought by Nepali Returnees Surpasses Rs 5 Billion Amid Lower Gold Prices

by CEO Tab
May 23, 2025
0
Gold price rises by Rs 500 per tola, reaches all-time high

The import of gold and silver jewelry by Nepali returnees has surged significantly, crossing Rs 5 billion in the first ten months of the current Fiscal Year (2024/25)....

Read more

Gold and Silver Prices Decline in Domestic Market

by CEO Tab
May 23, 2025
0
NRB sells gold and silver coins for upcoming Tihar

Gold prices in Nepal fell by Rs 1,100 per tola on Friday, with the new rate set at Rs 190,400, down from Rs 191,500 the previous day. According...

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.