Nepali Times
Domestic Brief
High-flying defaulters


It is old news that the Royal Nepal Airlines Corporation is in the red. But it looks like the corporation won't take more than its fair share of the blame. RNAC last week submitted a four-page list of defaulters to the Commission for the Investigation of Abuse of Authority. Adding to its endless problems of mismanagement, commissions, kickbacks, and every other kind of graft, the corporation is also owed close to Rs 240.5 million by the Prime Minister's Office, numerous ministries, embassies and international organisations. This is more than just whistleblowing. Do the math: what RNAC is owed would be enough to pay off its pressing foreign debts (totalling about Rs 220 million), including the $5 million it owes China Southwest for a jet lease deal. The payment has been overdue for over a year and the airline is threatening legal action.


LATEST ISSUE
638
(11 JAN 2013 - 17 JAN 2013)


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