Aryal was removed from the post after he was found guilty of multiple counts of misconduct, said an IB statement issued on Wednesday. “Acts committed by Aryal violated provisions in the Employees Regulation, which made him unfit for the position,” IB Spokesperson Raj Kumar Aryal told a press conference. [break]
Binod was found guilty of hiding his affiliation with companies that he promoted while applying for the post of IB’s executive director.
“Investigations showed that Binod Aryal was promoting Aryal Construction Trading & Consultancy and Bristi Tours & Travels before and after assuming the post of executive director at the IB,” Raj Kumar said. This act breached terms and conditions of the executive director selection process, which had clearly mentioned that promoters, office-bearers and employees of any firm are not eligible for the post.
“Binod Aryal also kept the IB in dark about his private business affairs, which went against the Employees Regulation,” Raj Kumar said. “Besides, he also made a policy change while serving the IB in the capacity of board director, which directly benefited his company Aryal Construction.”
Related story
Insurance authority issues directives on monetary loss insuranc...
