Timeline of the Wide body scandal

Timeline






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.

4 Comments

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  1. If you have any questions, need assistance, or have suggestions for improvement, please don’t hesitate to reach out to us through the contact form provided. We value your input and are here to help!

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  2. This blog clarifies me alot about corruption. Well defined.

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  3. waooo nice content brother

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