After months of finishing 18th SAARC summit in Kathmandu, Nepal government agencies have failed to submit ‘convincing details’ of their expenditure during 2014 Summit.
The delay has triggered speculations that there were financial irregularities which has made Ministry of Finance to stop release of Rs 24 million to Kathmandu Metropolitan City (KMC) and Kathmandu Valley Development Authority (KVDA) and other govt agencies in Nepal.
Though the offices have claimed that they spent Rs 85 million and Rs 90.04 million for beautifying the city, KVDA under Ministry of Urban Development planted trees along the Tinkune-Maitighar stretch and construction of parks at Tinkune and Narayanchaur.
KMC Spokesperson Shanta Ram Pokharel said they are preparing the details of expenditure and will submit the details in 2-3 days.
Meanwhile, The finance ministry has also not released Rs 8 million spent by Dhulikhel municipality for the construction of two helipads in Dwarika Hotel Resort in Dhulikhel.
SAARC Summit was held in November in Nepal's capital city Kathmandu and next edition will be held in pakistan.