Billionaire businessman Binod Chaudhary accused of misusing govt funds

Khabarhub

February 13, 2020

2 MIN READ

Billionaire businessman Binod Chaudhary accused of misusing govt funds

Billionaire businessman Binod Chaudhary. (Photo: Forbes)

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KATHMANDU: The government has accused CG Telecom owned by multi-billionaire businessman Binod Chaudhary of misusing USD 11.8 million aid for rural telecommunications infrastructure development.

Speaking at a press meet on Thursday, Minister for Communications and Information Technology, Gokul Prasad Baskota, has said the government wants details about activities carried out under the grants provided for rural telecommunications infrastructures.

Details on expense made with the grants amounting USD 11.8 million provided to CG Telecom is needed because it was provided with the loan taken from the World Bank, he added.

He further warned that investigation would be carried out whether the terms of reference and conditions for the spending of grants were met.

He questioned why CG Telecom failed to furnish details on the expansion of telecommunications service to then 534 VDCs, conditions of VSAT and others.

Minister Baskota, however, said the government would not be biased towards an industrialist in terms of creating a business atmosphere.

“Everyone needs to abide by the process and law,” he stressed.

The government spokesperson further claimed that he did not witness the agreement between CG Telecom and Turk Cell in Barcelona.

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