| Year |
Event |
| 2015 |
Sugat Ratna Kansakar is appointed Managing Director of Nepal Airlines despite previous allegations. |
| 2017 |
Nepal Airlines moves forward with the purchase of two Airbus A330 aircraft. |
| 2017 |
Nepal Airlines borrows NPR 24 billion from Employee Provident Fund (EPF) and Citizen Investment Trust (CIT). |
| March 2017 |
Two Airbus A330 aircraft are delivered, but they do not meet the agreed specifications (lower capacity). |
| 2018 |
Corruption and mismanagement in the procurement process are reported. |
| 2018 |
CIAA charges several high-ranking officials, including Sugat Ratna Kansakar, with corruption. |
| Early 2019 |
Investigations confirm overpayment for the aircraft and reveal financial misconduct and third-party involvement. |
| 2020 |
The case is brought to the Special Court, and trials begin for those involved. |
| 2021-2022 |
Further investigations continue into the misuse of state funds. |
| 2023 |
Charges are filed against 32 individuals, including Sugat Ratna Kansakar, and financial losses exceed NPR 1.47 billion. |
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ReplyDeleteThis blog clarifies me alot about corruption. Well defined.
ReplyDeletetru
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