Smart Telecom asset auction under scrutiny; Ncell’s role questioned
▸ Part of: Korala Border Checkpoint Enhances Internet and Telephone Services with Upgraded BTS Tower
The Central Investigation Bureau (CIB) of Nepal Police is investigating Ncell for alleged illegal activities in the property auction of Smart Telecom Pvt. Ltd. The CIB suspects that Smart Telecom's assets were transferred to Ncell without the knowledge of the Nepal Telecommunications Authority, violating the Telecommunications Act, 1997. Nepal Investment Mega Bank auctioned Smart Telecom's assets to recover a loan, with Ncell acquiring them for Rs 4.60 billion. The CIB alleges collusion between Ncell and the bank, possibly involving dummy companies in the auction process.
Read full article (5 min read) ›
Related
Ncell
Supreme Court
Nepal Police
Nepal Telecommunications Authority
Transtech
Shiv Kumar Shrestha
Smart Telecom Pvt. Ltd.
Central Investigation Bureau
Lalitpur
Professional Business Network
Narendra Ulak
Telecommunications Act, 1997
Nepal Investment Mega Bank
Jyoti Prakash Pandey
Palina Shrestha
National Penal Code, 2017
Sarvesh Joshi
