KATHMANDU: At a time when the Nepal Oil Corporation has been increasing the price of petroleum products twice in a month citing huge loss incurred by the state-run oil monopolist, the Commission for the Investigation of Abuse of Authority (CIAA) on Tuesday arrested acting Executive Director of Nepal Oil Corporation , Suresh Kumar Agrawal, among other three officials.
The anti-graft body arrested the individuals for investigation after they were found to be distributing bonus to the NOC officials going against the criteria set by CIAA. Director Nagendra Sah, Managers Kamal Prasad Sharma and Netra Prasad Kafle have been taken into custody.
A press release issued by Sapkota today mentions that the four were arrested for investigation following news reports that the NOC had distributed bonus to its employees in 2008. The same year CIAA had directed the NOC to not distribute bonus to its employees until it makes a total profit. The government has been providing money almost every month to pay the huge loss incurred by the commission. Although the state owned Oil monopolist is facing loss every month, the employees have been getting lucrative facilities and it is believed that corruption in rampant at the corporation.
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