Kathmandu, Dec 7: The government has formed a high-level committee to study and investigate the sale and purchase of shares of telecommunication service provider, Ncell Axiata.
The meeting of the Council of Ministers held today constituted a high-level committee under the coordination of former Auditor General of Nepal Mr Tankamani Sharma. Government Spokesperson and Communication and Information Technology Minister Rekha Sharma informed that the committee has been given a period of one month to submit the report.
The members of the committee are Fanindra Gautam, Secretary of the Government of Nepal, Ritesh Kumar Shakya, Joint Secretary of the Ministry of Finance, Baburam Bhandari, Joint Secretary of the Ministry of Communication and Information Technology, and Sujan Kumar Kafle, President of ICAN.
Earlier, the parliamentary committees including Finance and Public Account Committee have directed government to immediate investigate the issue and made public the core issue of the dubious transaction of Ncell Axiata. The Malaysian based Axiata Company have announced that it had sold all of it’s shares (80 percent) to the newly formed UK-based Spectrlite Company at a price of around Rs. 6 billion.
Rudra Gautam appointed for Water Supply Commission
The cabinet also appointed Rudra Prasad Gautam as the chairman of the Water Supply and Tariff Determination Commission. Yasoda Karki and Kulbhushan Sharma have been appointed as members of the Commissin.
Likewise, a negotiation team has been formed under the coordination of the Joint Secretary of the Ministry of Finance to negotiate the loan to be received from the World Bank for the Regional and Local Road Improvement Program Phase I.
