Tag Archives: CIB

President pardons Pandey

President Dr Ram Baran Yadav today pardoned former Federation of the Nepalese Chambers of Commerce and Industry (FNCCI) president Pradeep Jung Pandey. The President’s press advisor Rajendra Dahal confirmed that Pandey is among 21 persons granted pardon by the President

Janakpur blast mastermind Sah arrested

Constituent Assembly (CA) member from Sadbhawana Party Sanjay Sah aka ‘Sanjaya Takala’, who was accused of masterminding blast at Janakpur’s Ramananda Chowk two years ago that killed five persons, was arrested yesterday night. During a press meet at district police

Cancelling cheques may lead to CIB blacklisting

The central bank has tightened the stop payment after issuing cheques. “If anyone orders stop payment after voluntarily issuing cheques to bearer could be blacklisted,” the central bank said, adding that a cheque issuer if asks a bank or financial

Central bank team takes charge of Nepal Share Markets and Finance from today

A three member team of central bank took charge of the Nepal Share markets and Finance from today. The team led by deputy director Santosh Kumar Ghimire, has assistance directors Kaji Ram Karki and Prakash Shrestha will sell shares or

Central bank also takes over Nepal Share Markets and Finance

The central bank has taken over the board and management of troubled Nepal Share Markets and Finance. The second takeover by the central bank in a week has, though came late, is expected to improve the financial health of the

Technology curbs financial fraud, crime: Experts

Technology has bee able to reduce the amount of fraud, though the number has seen rise, according to the experts. Despite rising number of frauds in recent days, the amount cheated has been less thanks to technology, they said sharing

CIB nabs two auditors

In recent months, the auditors have been in news for all the wrong reasons, as they have been partners in financial crimes. Central Investigation Bureau (CIB) arrested two auditors, who have been involved in auditing Everest Insurance accounts. The CIB

CIB nabs Shrestha

Central Investigation Bureau (CIB) under Nepal Police today arrested former chief executive of Everest Insurance Kebal Krishna Shrestha for his alleged involvement in embezzlement in funds of the company. “Shrestha has been accused of spending the company’s Rs 25.08 million

NBTI starts training CIB, CIAA staff

National Banking Training Institute (NBTI) has started training for Central Investigation Bureau (CIB) and Commission for Investigation of Abuse of Authority (CIAA) staff. Though the programme has been planned since one year, the 18-day training for the investigators of the

CIB nabs NIDC Capital Market former chief executive, staff

The Central Investigation Bureau (CIB) has arrested former management officials and borrower of NIDC Capital Market for embezzlement of deposit. The CIB arrested former chief executive Khum Bahadur Hira Singh Rana, loan manager Meena Shrestha, loan access consultant Pramod Bahadur

CIB arrests Kist Bank higher officials; new acting chief appointed

The Central Investigation Bureau (CIB) under Nepal Police yesterday afternoon arrested three higher officials of Kist Bank on the charges of lending Jamko Publication without enough collateral. The CIB arrested acting chief executive of the bank Bal Narsimha Gharti, deputy