Friday, July 20, 2007

CIAA directives to Udayapur cement factory

The Commission for the Investigation of Abuse of Authority (CIAA) on thrusday called on the Ministry of Industry, Commerce and Supplies to direct the Udayapur Cement Factory (UCF) to check irregularities persisting there.Stating that the then ACC India, now known as ACE Refractories India (ACERI), caused a loss of Rs 3.6 million to the UCF, the CIAA directed the UCF to seek the payment of the amount from the ACERI. The CIAA said the factory incurred the loss because the then ACC India supplied low-quality brick kiln to the factory.“The factory should seek compensation from the ACERI to tide over the loss,” the CIAA said.In a press release, the CIAA also directed the Civil Aviation Authority of Nepal (CAAN) to terminate a renewed agreement that allows the Himalaya Money Exchange to run money exchange service in the Tribhuvan International Airport.The CIAA said that the agreement was renewed without issuing tenders, as required by the Financial Administration Regulation 1997.

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