Nepal's Biggest Scam, Wide Body Scandal - Explained
The wide body scandal of Nepal is considered one of the biggest scams in the country's aviation history. It revolves around the procurement process of two wide-body aircraft by Nepal's national flag carrier, Nepal Airlines Corporation (NAC).
In 2017, NAC initiated the process of acquiring two Airbus A330-200 aircraft to expand its international fleet and boost its operations. However, the entire procurement process was marred by allegations of corruption, irregularities, and manipulation.
The scandal unfolded when it was revealed that influential individuals, including politicians, government officials, and NAC executives, were involved in various fraudulent activities during the procurement process. These activities included bribery, kickbacks, and price inflation, leading to a significant financial loss to the national carrier and ultimately the Nepalese government.
Investigations uncovered a web of complex transactions, offshore companies, and suspicious payments made to middlemen and individuals associated with the deal. It was alleged that certain individuals had personal interests and received substantial kickbacks from the aircraft supplier.
The scandal not only tarnished the reputation of Nepal's aviation industry but also had severe financial implications for the country. The aircraft were acquired at inflated prices, causing a significant financial burden on the national carrier, which was already struggling with financial losses.
The wide body scandal sparked public outrage, leading to investigations, legal actions, and demands for transparency and accountability. It exposed the deep-rooted corruption within the system and highlighted the urgent need for reforms and stricter oversight in the procurement process.
The aftermath of the scandal led to several high-profile resignations, suspensions, and ongoing legal proceedings against those involved. It served as a wake-up call for Nepal's government and aviation authorities to address systemic corruption and strengthen governance mechanisms within the sector.
Overall, the wide body scandal of Nepal stands as a stark reminder of the consequences of unchecked corruption and the importance of maintaining integrity and transparency in the aviation industry.
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Source:
CIJ: cijnepal.org.np/cij-63/
Timeline: cdjn.org/2023/06/07/timeline-...
Setopati: www.setopati.com/kinmel/econo...
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