Issuing a press statement on Sunday, the company said that it has no relation with the NPTL and any wrongdoing by the trade link was not a matter of concern or its responsibility. [break]
Interestingly, the statement of the company contradicts with the findings of the investigation team that the Ministry of Industry (MoI) formed a week ago to suggest action against both the companies.
“We have already checked registration documents at Company Registrar´s Office and Department of Industry. Both the companies are promoted by one Shiva Prasad Ghimire,” said Ramesh Sthapit, joint secretary at MoI.
Talking to Republica, Sthapit added that if the ownership of any of these two companies has been transferred to some other individuals or parties, it must have been done only lately.
“We will not let promoters of Sugam and NPTL wake away scot-free,” Sthapit stated.
Nepal Oil Corporation (NOC) has presently suspended the operations of Sugam Gas, stopping the supply of LPG to the youngest gas bottling company of the country. The action was taken after the market inspector in Sunsari caught NPTL red-handed while tampering with neck and foot-ring of cylinders belonging to 24 different LPG bottlers.
The NPTL was re-fitting the foot and neck rings of Sugam in those cylinders, trying to hurt the competitors severely. While its action flouted the competition law, it was exposing consumers to grave risks as re-fitting of foot-ring sharply deteriorates pressure bearing capacity of cylinders.
“We are still looking into the case. But we convinced that SGC and NPTL are subsidiaries of the same group and NPTL was fitting SGC´s rings on cylinders of other companies collected from the market,” said Sthapit.
He said the committee will finalize its report soon.
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