UPDATE 1-Aker, govt embroiled in Aker Solutions dispute

* Heated dispute over $250 mln deal

* Aker ASA auditors say deal was properly handled

* Aker Solutions says to submit bond plan to shareholders

* Govt insists whole deal must go before shareholders (Adds details, quotes, share prices)

OSLO, April 14 (Reuters) - Norwegian companies Aker ASA (AKER.OL) and Aker Solutions (AKSO.OL) defended on Tuesday a $250 million asset deal between themselves, but the government insisted it was mishandled and must be submitted to shareholders.

The agreement announced on April 2, which calls for Aker Solutions to buy shares in five Aker companies, has sparked a row between the Aker groups and the government, which is a shareholder in Aker Solutions through Aker Holding AS.

Some critics of the deal have alleged it is an attempt by industrial group Aker ASA to rid itself of unwanted assets at an inflated price and at others' expense.

But Aker ASA said its auditors found the deal was properly handled, and Aker Solutions said it was also fairly priced.

"The audit committee in Aker ASA has concluded that the company's board and management have acted correctly in the case concerning sale of assets to Aker Solutions," Finn Berg Jakobsen, chairman of the committee, told a news conference.