Ncell–Smart Telecom case: Claim of Rs 96 billion forfeiture, case filed against 22
Summary
A Kathmandu District Court case has been filed against 22 people and companies in the Smart Telecom auction scandal, with forfeiture claims totaling Rs 96.12 billion. Ncell, Smart Telecom, and Nepal Investment Mega Bank officials face charges including criminal breach of trust, fraud, organized crime, and banking law violations.
Key Points
- A case has been filed in the Kathmandu District Court against 22 defendants over the Smart Telecom auction scandal, with Rs 96.12 billion sought in forfeiture.
- Ncell, Smart Telecom, Nepal Investment Mega Bank and their officials face charges under criminal breach of trust, fraud, organized crime, and BAFIA.
- Police plan to issue Diffusion and Red Notices through Interpol for suspects abroad, including Ncell Chairman Satish Lal Acharya and Nepal Investment Mega Bank Chairman Prithvi Bahadur Pande.
- The case stems from a CIB investigation into the unlawful auction of Smart Telecom to Ncell for Rs 4.60 billion.
