Former Samjhana CEO nabbed
Fri, Jun 24, 2011 12:00 AM on Others,
KATHMANDU, JUN 24 -
In the fight against banking fraud, the police have achieved yet another success with the arrest of former chief executive of Samjhana Finance Company that is currently under liquidation process.
A team of Nepal Police’s Central Investigation Bureau (CIB) on Thursday arrested former Samjhana CEO Him Bahadur Gurung from Banasthali, Kathmandu, and handed him over to Metropolitan Police Range, Lalitpur. On June 5, the police had nabbed Samjhana’s former executive chairman Shyam Bahadur Shrestha.
A resident of Gongabu, Gurung has been charged with misappropriation Rs 41.9 million of the company. Among the charges Gurung is facing are sanctioning of loans to Suman Phunyal (Rs 5 million), Sanuraj Phunyal (Rs 5.9 million) and Ram Kunwar (Rs 5 million) without proper valuation the collateral and without the board’s approval.
He has also been accused of providing loans worth Rs 10.5 million to Nepal Land Developers Private Limited (NLDPL) illicitly. The minute that sought loans from the finance company was not undersigned by NLDPL Chairman Deepa Koirala.
Similarly, Gurung granted loan worth Rs 6.5 million to Kopila Thapa in violation of existing rules. He also sanctioned loans to Pradeep Raj Pant, Annapurna KC and Birendra Kumar Bista worth Rs 5 million, Rs 2 million and Rs 2 million, respectively, without the board’s approval.
Source: Kantipur
In the fight against banking fraud, the police have achieved yet another success with the arrest of former chief executive of Samjhana Finance Company that is currently under liquidation process.
A team of Nepal Police’s Central Investigation Bureau (CIB) on Thursday arrested former Samjhana CEO Him Bahadur Gurung from Banasthali, Kathmandu, and handed him over to Metropolitan Police Range, Lalitpur. On June 5, the police had nabbed Samjhana’s former executive chairman Shyam Bahadur Shrestha.
A resident of Gongabu, Gurung has been charged with misappropriation Rs 41.9 million of the company. Among the charges Gurung is facing are sanctioning of loans to Suman Phunyal (Rs 5 million), Sanuraj Phunyal (Rs 5.9 million) and Ram Kunwar (Rs 5 million) without proper valuation the collateral and without the board’s approval.
He has also been accused of providing loans worth Rs 10.5 million to Nepal Land Developers Private Limited (NLDPL) illicitly. The minute that sought loans from the finance company was not undersigned by NLDPL Chairman Deepa Koirala.
Similarly, Gurung granted loan worth Rs 6.5 million to Kopila Thapa in violation of existing rules. He also sanctioned loans to Pradeep Raj Pant, Annapurna KC and Birendra Kumar Bista worth Rs 5 million, Rs 2 million and Rs 2 million, respectively, without the board’s approval.
Source: Kantipur
