The panel led by Under Secretary Deepak Pandey had looked into the reported irregularity after internal audit of NFC implicated senior office Devendra Kumar Subba in the embezzlement.[break]
The MoCS, which oversees operations of seven PEs, including NFC, has also formed another monitoring committee led by Under Secretary Hari Bhandari.
“After our initial investigation, we have come to a conclusion that misappropriation of such a huge amount is not possible with the involvement of Subba alone. Some top NFC officials are found to have facilitated the outflow of cash from NFC´s account with the help of Subba,” a member of the monitoring committee told Republica on Monday.
The initial investigation has showed involvement of NFC General Manager Hari Narayan Sah and the then Bagmati Zonal Chief Shreemani Khanal in the irregularity.
The state-owned food distributor has already initiated internal action against Subba.
Internal audit carried out by NFC has also found Subba of producing fake bank deposit vouchers.
“We have also found out that some top NFC officials deliberately gave sole authority to a person to handle all financial transaction without putting in place a control mechanism,” the member added.
General Manager Sah has denied any involvement in the case. He, however, accepted his responsibility for the reported irregularity as the chief of the NFC.
Commission for the Investigation of Abuse of Authority has also started investigation into the irregularity. It has already interrogated Sah.
Police arrested Subba on Sunday after he turned down several calls to join the office by NFC management. District Administration Office, Kathmandu had issued arrest warrant against Subba at the request of NFC.
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