Sunday, June 29, 2025
  • Webmail
  • Contact Us
  • About BBS
  • Privacy & Policy
ENG
DZO
BBSCL Logo
  • Home
  • Business
  • Politics
  • Sports
  • Education
  • More
    • Announcement
    • Audience Survey Report
    • Programme
    • Radio Dzo-Channel Schedule
    • Radio Mix-Channel Schedule
Radio Live
No Result
View All Result
BBSCL logo
  • Home
  • Business
  • Politics
  • Sports
  • Education
  • More
    • Announcement
    • Audience Survey Report
    • Programme
    • Radio Dzo-Channel Schedule
    • Radio Mix-Channel Schedule
No Result
View All Result
BBSCL logo
Radio LIVE

ACC drops the case of alleged collusion and undue price-fixing in gypsum export

June 5, 2021
in Uncategorized
Reading Time: 2 mins read
0
0
SHARES
5
VIEWS
Share on FacebookShare on Twitter

The Anti-Corruption Commission (ACC) dropped the case of alleged collusion and undue price-fixing in the export of gypsum. According to the ACC, the commission decided to stop further investigation into the case due to a lack of evidence. The ACC received a complaint, last year against the Marketing Specialist and the Director of Marketing & Logistics of State Mining Corporation Limited (SMCL) alleging possible collusion and undue price-fixing in the export of gypsum to Nepal.

According to the ACC, the major decisions of the State Mining Corporation Limited (SMCL) such as fixing mineral prices, providing strategic directions and maximising the shareholders’ wealth and profitability of the company entirely lies upon the Board of Directors. The two officials were neither a part of the Board of Directors nor have any role in the decision-making process but are just involved in operational functions of the company. As per ACC, there is no evidence to suggest their involvement in price fixation to favour the Nepal parties.

The investigation also found out that the allegation on the total export of 1,989,000 metric ton of gypsum in the last three years was found to be baseless as the total production of gypsum itself was approximately 905,153 metric ton in 2019 and 2020. Of the total production in the last two years, the SMCL could only export 816,366 metric ton of gypsum and generated sales revenue of only Nu 1.559bn, which is far behind the amount of Nu 11.536bn alleged as revenue lost to corruption.

Moreover, the investigation revealed that the rates of gypsum export to Nepal during Druk Satair Corporation Limited has remained the same at Nu 1,750 per metric ton during their operation from 2016 to 2018. As per the commission, it revealed that the rates currently applied by the SMCL have increased progressively. The rate has increased to Nu 1,975 for a metric ton in 2020 and 2021.

Meanwhile, the investigation further stated that there is no involvement of the alleged two officials in the transportation of gypsum.

And the ACC also returned the Nu 1.2 M seized from the Marketing Specialist earlier in March this year.

Tshering Zam

Previous Post

Two teachers left to manage a primary school with over 70 students for almost two months, Punakha

Next Post

Once a farmer, always a farmer- Cordyceps collectors return to farming, Bumthang

Next Post

Once a farmer, always a farmer- Cordyceps collectors return to farming, Bumthang

Mother and Child Hospital for six eastern districts in Monggar to complete in two years

Her Majesty Graces World Environment Day Commemoration

Please login to join discussion

RECOMMENDED NEWS

MoIC minister faces questions over analogue to digital TV switch

MoIC minister faces questions over analogue to digital TV switch

6 years ago
1

Bhutan to achieve herd immunity soon but experts warn of looming danger

4 years ago
2
Social media and radio help remote herders stay informed

Social media and radio help remote herders stay informed

2 years ago
6
Philooma’s success story of bamboo business

Philooma’s success story of bamboo business

9 years ago
3

BROWSE BY CATEGORIES

  • Accidents (14)
  • Agriculture (439)
  • Announcement (179)
  • Audience Survey Report (1)
  • Business (759)
  • Crime/Legal (370)
  • Culture (48)
  • Development (57)
  • Disaster (57)
  • Economy (289)
  • Education (419)
  • Entertainment (16)
  • Environment (66)
  • Feature (65)
  • Featured (6)
  • Festival (81)
  • GMC (14)
  • Headlines (6)
  • Health (630)
  • Legal (53)
  • Literature (9)
  • Livestock (76)
  • Media (26)
  • Other Stories (5,687)
  • Politics (419)
  • RCSC (1)
  • Recent stories (6)
  • Religion (45)
  • Sci/Tech (713)
  • Social (548)
  • Sports (456)
  • Technology (191)
  • Tourism (22)
  • Uncategorized (13,868)
  • Video (141)
  • Video Story (257)
  • Wildlife (42)

BROWSE BY TOPICS

Tender Announcement Vacancy Announcement

POPULAR NEWS

  • BPC’s investigation rules out transformer short circuit as Damchhu forest fire cause

    Viral video of Bhutanese man assaulted by locals and police in Jaigaon sparks safety concerns

    0 shares
    Share 0 Tweet 0
  • Gelephu Mindfulness City opens recruitment drive for Bhutanese professionals

    0 shares
    Share 0 Tweet 0
  • A centenarian’s recipe to longevity

    0 shares
    Share 0 Tweet 0
  • 40 companies risk closure over failure to submit financial reports

    0 shares
    Share 0 Tweet 0
  • Post-mortem confirms foul play: Progress in investigation of 24-year-old woman’s death

    0 shares
    Share 0 Tweet 0
BBSCL

Bhutan Broadcasting Service (BBS) is Bhutan’s primary national broadcaster, delivering diverse news and entertainment in multiple languages, fostering cultural understanding and public knowledge.

Follow us on social media:

Recent News

  • NDI hackathon sparks innovative apps for public use
  • Lead exposure may be contributing to high anaemia levels among children in Bhutan
  • MoIT imposes moratorium on issuance of taxi driving licence
  • Book on temples and monasteries of Trongsa’s Drakteng wins Dzongkha Booker Prize
  • Shumar Cheden Tshephel Detshen becomes self-reliant with own milk processing unit

News Category

  • Accidents
  • Agriculture
  • Announcement
  • Audience Survey Report
  • Business
  • Crime/Legal
  • Culture
  • Development
  • Disaster
  • Economy
  • Education
  • Entertainment
  • Environment
  • Feature
  • Featured
  • Festival
  • GMC
  • Headlines
  • Health
  • Legal
  • Literature
  • Livestock
  • Media
  • Other Stories
  • Politics
  • RCSC
  • Recent stories
  • Religion
  • Sci/Tech
  • Social
  • Sports
  • Technology
  • Tourism
  • Uncategorized
  • Video
  • Video Story
  • Wildlife
  • Webmail
  • Contact Us
  • About BBS
  • Privacy & Policy

© 2024 BBSCL. All rights reserved.

Welcome Back!

Login to your account below

Forgotten Password? Sign Up

Create New Account!

Fill the forms below to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In

Add New Playlist

No Result
View All Result
  • Home
  • Business
  • Politics
  • Sports
  • Education
  • More
    • Announcement
    • Audience Survey Report
    • Programme
    • Radio Dzo-Channel Schedule
    • Radio Mix-Channel Schedule

© 2024 BBSCL. All rights reserved.