Posted by: sulab February 17, 2009
dhotiz
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If Government can act strongly and seize all the property of these defaulters as stated by them. That will be awesome. GO GOVERNMENT GO show them Nepal will be no longer in corrupted list.
And here is the  preliminary part of the above list.



PRITHVIMAN SHRESTHA KATHMANDU, Feb 17 - The
government has made public the names of 339 willful defaulters on
Monday, saying that they did not show up to repay the bank loans even
after they were given repeated chances for doing so. Each one of them
has at least 10 million rupees to pay back, according to the finance
ministry.

Bimal
Wagle, joint secretary at the ministry, said the defaulters owe the
banks around Rs. 16 billion in principle. The amount would double
should the interests be calculated, he said.

The
government has also initiated action against them such as seizure of
their passports and blocking them from receiving several facilities a
citizen is entitled to get, as per the cabinet decision of February 11.

The
ministry has basically made public the names of those who have
defaulted on loans ranging from Rs. 10 to Rs. 50 million.Their number
stands at 238. They have defaulted about Rs. 3 billion, according to
Wagle. They have defaulted on the loans taken from 12 commercial banks,
according to the ministry.

The
ministry also made public the names of defaulters who had taken loans
amounting to over Rs. 50 million for the second time and their number
stands at 101. They are required to pay about Rs. 13 billion in
principle, according to Wagle. They didn’t pay back the loans taken
from 10 commercial banks, he said.

As
per the government decision, the defaulters will not get appointment in
government and public agencies. They will not be entitled to any
rewards given by the state. They have been declared ineligible for
becoming a director of any company.

They
cannot sell off their assets except for repaying the loans. Their
family investments in the government bond will be confiscated and will
be sold on auction.

The
government has also decided to prevent them from withdrawing cash
deposited in banks and using keys to lockers. The amount received from
the sale of the shares they own will be used for repaying the loans.
They have been also barred from using debit and credit cards.

The
government has also formed a committee under Constituent Assembly
member Hari Rokka in order to monitor the implementation of the
government’s decision.

Wagle
said that the ministry had already sent letters to 22 ministries and
departments under them to initiate action as mentioned above against
the defaulters.

The
ministry has also asked Nepal Rastra Bank to write letters to the
concerned commercial banks to take necessary action against the
defaulters in order to bring them to their knees.


Peace.

 

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