E-Kantipur

KATHMANDU, JAN 31 -

After duping the Tourism Ministry to obtain operating licence, Dynamic Airlines Pvt Ltd has been found involved in another forgery case in the United Arab Emirates.

The airlines, whose licence has already been cancelled by the government, cheated Shk Hamad Ali Jabor M AL-Thani of the UAE by selling 80 percent of the company’s shares under the ‘foreign party’ share sales and purchase agreement, a highly placed source at the ministry said. According to him, the ministry received the information 15 days ago.

The forgery case came to light after AL-Thani informally wrote to the ministry requesting an inquiry about the airline, the source added. AL-Thani is associated with the aviation industry in the UAE.

The Civil Aviation Regulation requires Nepali carriers, who seek to go international, to have a paid-up capital of Rs 500 million.

And, the airline might have cheated the UAE national by showing its licence condition in which the paid-up capital figure is mentioned, ministry officials suspected. According to the agreement documents obtained by the Post, the company sold 4 million shares to

AL-Thani.

Anil Bishwokarma Gajmer of Sunsari and Om Prakash Bishwokarma and Thakur Prakash Bishwok-arma of Kaski  were the promoters of Dynamic.

The airlines had cheated the Tourism Ministry to obtain licence for international flights in March 2010. As per the rule, an airline aspiring to go international has to deposit a security bond of Rs 5 million, but the airline deposited a bad cheque at the Lazimpat branch of Everest Bank on February 12, 2010, and submitted the deposit slip to the ministry. The ministry then issued it the licence.

However, after knowing about the fraud, the ministry asked the Civil Aviation Authority of Nepal (CAAN) not to issue an air operator certificate (AOC) to the airline. After getting the licence from the ministry, an airline is required to apply for the AOC at CAAN before starting operation.

As per the rule, an airline has to get the AOC within six months after acquiring operating licence from the ministry. And if it fails, its operating licence will be scrapped automatically, which applied in Dynamic’s case.

Ranjan Krishna Aryal, joint-secretary at the Tourism Ministry, said the operating licence granted to Dynamic was scrapped automatically under the terms of reference set by the government.

“As the licence and the company turned invalid automatically, the issue is none of the ministry’s concerns,” Aryal said, adding that the foreign party should have inquired about the company before signing the agreement.

Sources said it was a forgery case and the police could deal with the issue upon the foreign company’s request. However, the ministry official said the airline was not prosecuted on fraud charges even after it was found wilfully duping the government earlier.

Posted on: 2012-01-31 08:57

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