Former executive chairman D B Bomjan and board members Ramesh Tamang, Meena Shrestha, Nirmal Gurung, Dhan Prasad Rai, Mahesh Prasad Rijal, Sanjeev Kumar Mishra and Dinesh Shakya, among others, are in the list that the central bank forwarded to the police. [break]
“We have forwarded the names of more than a dozen former board members and top managers of GDB to Nepal Police to initiate action against them for flouting banking rule,” said NRB spokesperson Bhaskar Mani Gyawali.
The board meeting of the central bank held on Tuesday decided to take action against those involved in irregularities while issuing loans, inflicting loss to depositors as well as shareholders, as per the Banking Offense and Punishment Act.
Those involved in irregularities also include former general manager Rajendra Das Shresha, credit chief Dipak Rana Magar, former board member Prabin Naulakha and managing director of Mentha Products Rakesh Kumar Adukiya.
If proven guilty, police can put them behind bars for as much as three years, apart from fines, according to Banking Offense and Punishment Act.
Not only promoters and senior staffers, NRB has also sought action against borrowers Jiban Ghimire and Sanjeev K Agrawal. They are loans defaulters and were found to have taken loans through unfair means.
NRB has also asked the police to investigate and take action against Ruchi Jadojia and Punam Khetan, directors of Krishi Pemura -- an institutional investor in the bank -- for their possible involvement in irregularities.
Gyawali told Republica that the central bank has already forwarded a letter to this effect to Nepal Police via Ministry of Finance.
The central bank has further requested the government to freeze passport of loan defaulters Ghimire and Agrawal, directors of Krishi Premura Jadojia and Khetan, former general manager Shrestha and former board member Prabin Naulakha.
“We have decided to freeze bank accounts, lockers, saving certificates, fixed and current assets and shares held by these people,” said Gyawali.
The board Tuesday also decided to take action against guarantors of those people.
NRB had GDB a ´troubled bank´ more than a month ago, citing poor governance and subsequent deterioration of its financial health. As per the instruction of the central bank, GDB elected a new six-member board of director earlier this month through its special general meeting.
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