Super Laghubitta's Board of Directors & Management Team are Suspended; NRB Takes Control of the Company

Super Laghubitta Bittiya Sanstha Limited's current board of directors is suspended by Nepal Rastra Bank (NRB), which also takes control of the institution's management and selects a management team from NRB itself.

The founders and directors of Super Laghubitta Bittiya Sanstha, Tulsipur, Dang have been issuing loans by creating artificial debtors for a long time, and to repay the principal and interest of the loan, they have created more artificial debtors and issued loans of a serious nature. This was discovered during the on-site inspection conducted by NRB at various stages.

In Ashoj 2072, the organization's primary capital fund was negative by 34.30 percent, and its capital adequacy was negative by 32.65 percent. Additionally, the organization's savings are progressively declining, and its internal control system and institutional governance are inadequate.

Due to these reasons, NRB has published a notice for the information of all those concerned regarding the suspension of the existing board of directors and the management team of the Super Laghubitta from the date of Magh 23, 2079.