Govt formed a committee to investigate the Ncell case
The Cabinet meeting on Thursday morning formed a 5-member committee led by former Auditor General Tankamani Sharma.
KATHMANDU: The government has formed a five-member committee to investigate the Ncell case.
The Cabinet meeting on Thursday morning formed a 5-member committee led by former Auditor General Tankamani Sharma.
The committee’s members are Phanindra Gautam, Baburam Bhandari, Ritesh Kumar Shakya, and Sujan Kumar Kafle.
According to reports, the committee has been granted 30 days to investigate this situation and present a report.
Spectralite UK Limited and Axiata UK Limited inked an agreement for Ncell’s share trading 6 days ago. This deal states that Spectralite UK will hold 100% of the shares of Reynolds Holding Limited in Axiata St. Kitts and Nevis.
Reynolds Holding owns 80 percent of Ncell. Satishlal Acharya is Spectralite UK’s investor. He is a Nepali businessman located in Singapore. The government voiced its anger, claiming that Ncell was purchased and sold before the process was completed.
