Posted by: mayaluketi August 30, 2005
Investigation Of Abuse of Authority filed corruption cases
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CIAA files cases against bank officials, businessmen: In a biggest ever scam that the Commission for the Investigation of Abuse of Authority (CIAA) has initiated action against, the anti-corruption watchdog on Monday filed corruption cases at the Special Court against 10 persons-4 Rashtriya Banijya Bank (RBB) officials and six businessmen-accusing them of irregularities. The RBB is the central bank of the country. According to reports, the CIAA has accused them of being involved in a loan scam, which has caused a loss of Rs. 1.38 billion to the RBB. The persons against whom action has been initiated are former RBB branch managers Radha Prasad Shah and Shiv Charan Mandal and deputy managers Chandra Lal Amatya and Bhairab Prasad Pokharel. Owner of the Mangaturam Group- Mangaturam Agrawal and his sons Subodh, Suresh, Krishna, Narayan and Damodar are also charge sheeted. According to reports, RBB Rani branch had released Rs 867 million against a collateral worth Rs 168.64 million in 1998. News from Nepalnews.com - Jun 21 05
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