The Supreme Court has upheld the decision of the Special Court to acquit former executive chairman of Nepal Airlines Corporation (NAC) Sugat Ratna Kansakar and five other officials who were accused of misappropriating funds in the aircraft purchase deal.
The Special Court had decided to acquit Kansakar and other officials in April 2011.
A division bench of justices Kalyan Shrestha and Bharat Raj Upreti on Tuesday upheld the Special Court’s verdict. The verdict said Kansakar was not found to have misappropriated the money of the public entity, committed corruption or took personal benefits as the lock-up money sent to Airbus without adequate financial management has been returned to the NAC account.
On December 24, 2010, the Commission for the Investigation Abuse of Authority had filed a case against NAC officials including Kansakar in the Special Court accusing that they deposited US$ 750,000 as commitment money to purchase aircraft violating the Procurement Act-2063.
After initial hearing, Rs 60 million bail was imposed for Kansakar. He was released in March. nepalnews.com