KATHMANDU — The Metropolitan Police Range Kathmandu raided the warehouse of Swastik Oil Industries situated at Jadibuti in Kathmandu, and impounded five trucks loaded with edible oil that the company wanted to sell at higher rate than existing market price.
Police on Thursday raided a warehouse belonging to KL Dugar Group and seized five trucks of cooking oil.
Following a complaint that the company has been involved in hoarding the products and artificially hiking the prices, a police team from the MPR, Teku, raided Jadibuti-based Dugar Food Stores and took control of two trucks each of Dhara and Gyan brand oil and a truck of Sunflow brand oil.
Police have also captured Aman Jain, director of Swastik Oil Industries, and Liaison Officer Pramod Adhikari from the warehouse.
“The company was planning to sell the products at inflated rate by capitalising on the dire situation facing the country,” said Superintendent of Police Bishwo Raj Pokhrel, spokesperson for the Range, adding, “We will further expand our investigation to control such unethical practices, including hoarding and black-marketing.”
A case would be filed against the company for engaging in black-marketing, Pokharel said.
After India imposed an informal blockade on Nepal, cooking oil prices have jumped up to Rs300 per liter from usual Rs150-200 per liter.Follow @gorkhapost
China supports to reconstruct Tatopati border point
KATHMANDU — The Chinese government has agreed to extend the assistance to Nepal for the projects on post-disaster recovery for Tatopani border point, the hospital recovery in Sindhupalchowk and reconstruction of Jiri Secondary School.
An agreement to this was signed and exchanged at the Ministry of Finance today, said a press statement issued by the Ministry.
Chinese government has pledged to provide Rs 48 billion grants for it.
Finance Secretary Shankar Prasad Adhikari and Chinese Ambassador to Nepal Yu Hong signed the agreements on behalf of the government of Nepal and the Chinese government respectively.
For the resumption of the Tatopati border point, the budget would be used for renovation of building and establishment of protection measures, so that trade clearance capabilities would be improved.
Similarly, under hospital recovery project, a middle sized hospital equipped with necessary facilities having 39 beds would be constructed in Sindhupalchowk.
School reconstruction is aimed at recovering and improving school facilities and functions.Follow @gorkhapost