Posted by: Biruwa April 30, 2015
9 Richter scale resistant high rise buildings cracking and about to fall down after 7.8 quake
Login in to Rate this Post:     0       ?        
The Star Mall building in front of my house is also cracked. Same with City center and these housing. They never made it to last long. Those builders have funneled huge money out to their own pockets.

Yogendra Shrestha took Rs 2 Billion loan from different Banks and hid Rs. 1 Billion of the money in his different loan accounts. It seems he didn't even spend the other Rs. 1 Billion as now the 5 year old building is cracked.

The Banks who loaned him money were supposed to auction the Building to recover their money but central bank didn't allow them and said that Nepal Share Market and Finance which was run by Yogendra will be allowed to sell it. I heard that Nepal Share Market is still running the place making money for Yogendra's cronies after he paid the Maobadi Thulabadas few crore rupees. It was not difficult for him and his cronies as they had stolen Rs 1 Billion already.

No more!
Read Full Discussion Thread for this article