Tuesday, May 3, 2011

Central bank seeks action against Gurkha Development Bank's former chiefs, board members

The central bank sought Nepal Police help to nab former executive chairman D B Bomjan and board members Ramesh Tamang, Meena Shrestha, Nirmal Gurung, Dhan Prasad Rai, Mahesh Prasad Rijal, Sanjeev Kumar Mishra and Dinesh Shakya of troubled Gurkha Development Bank.
From the central bank’s primary investigation, it is found that they were involved in lending irregularities leading to deterioration of the development bank´s financial health.
“We have asked Nepal Police to arrest former board members and executive of Gurkha Development Bank,” said Nepal Rastra Bank spokesperson Bhaskar Mani Gyawali.
The board meeting of the central bank held on Tuesday decided to take action against those involved in irregularities while issuing loans, causing loss to the bank, as per the Banking Offense and Punishment Act.
Those involved in irregularities also include former general manager Rajendra Das Shresha, chief credit officer Dipak Rana Magar, former board member Prabin Naulakha and managing director of Mentha Products Rakesh Kumar Adukiya.
If proven guilty, they will be sent to prison for for three years, apart from fines, according to Banking Offense and Punishment Act.
NRB has also sought action against borrowers Jiban Ghimire and Sanjeev Kumar Agrawal. They are loans defaulters and were found to have taken loans through unfair means.
The central bank has also asked the police to investigate and take action against Ruchi Jadojia and Punam Khetan, directors of Krishi Pemura -- an institutional investor in the bank -- for their suspected involvement in irregularities.
However, it is doubted that the police can arrest them as the police has failed to arrest chairman of liquidated Nepal Development Bank.
Had the police been able to arrest Pun and sent him behind the bar, others would not have dared to cheat bank, a high level central bank official said.
Though, the central bank has also requested the government to freeze passport, bank accounts, lockers, saving certificates, fixed and current assets and shares of Ghimire, Agrawal, Jadojia, Khetan, Shrestha and Naulakha, it is highly suspected that the police could act against them.
Gurkha Development bank has been declared a troubled bank more than a month ago, due to its poor governance and subsequent deterioration of its financial health. However, the development bank has elected new board of directors and started its operation after almost a month’s closure.

7 comments:

Anonymous said...

Hi Dear, aге уou really ѵіsіting this web site daily, if so afterward
yοu will absοlutely take nісe knοwledge.



my blog :: Iccup.Com

Anonymous said...

Hі theгe, just becаmе alert to yоur blog thrоugh Google, and found that
іt is truly infоrmative. I am goіng tо ωatch οut for bгussеlѕ.
I will bе grateful іf you continuе this in future.
Numerouѕ people ωіll be benefited
from уοuг ωriting. Ϲhеeгs!


Feel frеe to surf tо my web page; Haaraus-fall.De/

Anonymous said...

I loved as much as you'll receive carried out right here. The sketch is tasteful, your authored material stylish. nonetheless, you command get bought an nervousness over that you wish be delivering the following. unwell unquestionably come more formerly again since exactly the same nearly a lot often inside case you shield this hike.

My web blog ... chatroulette online

Anonymous said...

Gоoԁ ԁay! This iѕ my firѕt νisit to your blog!
Wе are а group of νolunteers аnd starting a new ρroject in a communіty in thе same niche.

Youг blog providеd us useful іnfoгmаtion to
woгk on. You have done а extraordinary job!



Fееl free to surf tο my weblog - hemoroides

Anonymous said...

Thanκs in favοr of sharing such a pleasant thinking, aгtіcle is pleaѕant, thats ωhy i
haѵe read іt entirely

Μу web blog; abnehmen schnell

Anonymous said...

I almost neѵer write reѕponsеs, but i ԁid a few
searching anԁ wound up here "Central bank seeks action against Gurkha Development Bank's former chiefs, board members".
Anԁ I aсtuallу do haѵe a сouple οf questiоns for yοu іf it's allright. Is it only me or does it seem like some of these responses come across like written by brain dead folks? :-P And, if you are posting at other social sites, I'd like tο kееp up with еѵeгуthing
fresh you haνe to ρost. Would you mаκe a lіst
of all of уour social pages like уοur lіnkеdin profile, Facebοоk pаge
оr twitter fеed?

my web-site - chatroulette Online

Anonymous said...

Goοd daу I am so thrіlled I fοund your ωebsite, I really found yоu
by error, while I was researching on Yаhοo
for something elsе, Anyhοw I am here now and would just like to saу thank yοu fοr a tremendous pοst and a all round enjoyable blog (I also love the thеmе/deѕign),
I don’t hаve time to lοοk over it all at the moment but I have bookmarkеԁ it and аlsο adԁed in your RSS
fеedѕ, ѕo ωhen ӏ
have time I will be back to read much morе, Plеase dо keeρ uρ the gгeat worκ.


Mу blog pοst :: Best cure for premature ejaculation