NA set to open LC to procure weapons worth Rs 6 billion from China « Khabarhub
Sunday, July 21st, 2024

NA set to open LC to procure weapons worth Rs 6 billion from China

07 May 2023  

Time taken to read : 3 Minute

  • A
  • A
  • A

KATHMANDU: The Nepali Army (NA) is set to open the Letter of Credit (LC) today to procure weapons from China worth Rs 6 billion in the first phase.

Despite instructions from Prime Minister, Defense Minister, and Defense Secretary not to move the process forward, the NA told the Ministry of Defense that it would not cancel the Chinese weapons deal.

Sources claimed that the NA is demanding a written letter from them to cancel the process.

The NA has been criticized for its engagement in profit-making ventures, and manipulated to “secure hefty commissions” is procuring weapons worth Rs 6 billion from China, and that too without competitive bidding.

The NA plans to procure 26 APCs and 72 tactical vehicles without a competitive bidding process.

NA sources disclosed that the NA’s plan to acquire Chinese weaponry from a Chinese company Norinko through Nepali agent Lokendra Karki has been exposed following the appointment of Purna Bahadur Khadka as the Defense Minister.

Sources suggest that the NA intends to replace its former local agent and purchase arms from China in bulk, with the help of Karki, the brother of Nepali Congress (NC) leader and former minister Gyanendra Bahadur Karki.

The source claimed that the procurement of weapons from China is taking place through the Chinese Embassy in Kathmandu, without following a transparent process.

Allegedly, the price of each APC has been set at Rs 77.7 million, which is significantly higher than the market value.

Suspicion of large-scale fraud in arms procurement

Taking advantage of the fluid political situation and transition, there are suspicions of possible manipulation and large-scale fraud in the procurement of weapons, allegedly being perpetrated by some high-ranking officers of the Nepali Army.

In the past, the NA had procured four APCs from Indian company Mahindra at Rs 39.8 million, as a means of maintaining geopolitical balance.

NA sources claimed that the Nepali Army is considering procuring APCs from China instead of India, allegedly due to the higher commission offered by China.

The source further claimed that the desire for hefty commissions is influencing even the highest levels of political leadership, leading to potential disruptions in the procurement process.

The source also suggests that, under the influence of Lokendra Karki, the NA is attempting to replace the Korean-made weapons that have proven ineffective with newly procured arms.

The process is carried out confidentially from all sides. He also noted that the Prime Minister should keep an eye on the matter and investigate any complaints.

Also read:

Publish Date : 07 May 2023 11:57 AM

NEPSE rises by 61 points, trades over Rs 15 billion

KATHMANDU: The Nepal Stock Exchange (NEPSE) index approached the 2500-point

Legal challenge to PM Oli’s appointment moves to constitutional bench

KATHMANDU: The case challenging the appointment of KP Sharma Oli,

Lumbini Province Chief Minister Jokh Bahadur Mahara resigns

KATHMANDU: Jokh Bahadur Mahara, the Chief Minister of Lumbini Province,

NC-UML agree to pick Leela Giri as Chief Minister in Lumbini

KATHMANDU: Lumbini Province is set to witness a change in

Bagmati CM Jamkattel steps down

HETAUDA: Bagmati Province Chief Minister (CM) Shalikram Jamkattel has announced