The Nepal Inc is taking to street against the arrest of industrialist and vice chairman of Jyoti Group Dr Roop Jyoti and the arrest warrant issued against industrialist and chair of the Jyoti Group Padma Jyoti.
Issuing a press note today, various commodity associations and district chambers, said that they have started protests across the country against the highhandedness of the government machinery and assault on private sector.
The intimidation of some people backed with the government machinery is a serious threat to the development of the private sector under the two-third majority stable and strongest government in Nepal’s history, a former president of Federation of Nepalese Chambers of Commerce and Industry (FNCCI) said, adding that the Nepal Inc has lost confidence on the government as it has been misled by some crook people.
The member organisations under FNCCI – including Nepal Automobile Dealers’ Association (NADA), Federation of Contractors’ Associations of Nepal (FCAN), Kathmandu Chamber of Commerce and Industry and Dairy Association of Nepal – have launched protests against the arrest of Dr Roop Jyoti and arrest warrant against Padma Jyoti, who is not only the former president of FNCCI but also a fair businessman compared to others.
Citing that such high-handedness against entrepreneurs is creating havoc in the business community and terrorising them, the private sector representatives asked the Prime Minister to interfere and ensure the business confidence.
While police arrested Dr Roop Jyoti last week from the Tribhuvan International Airport (TIA) on charges related to housing fraud, the Kathmandu District Court issued an arrest warrant against Padma Jyoti on the same case.
“The arrest of members of Jyoti Group has terrorised the entire private sector,” senior vice-president of FNCCI Shekhar Golchha said, adding that such activities will affect the business environment and discourage investment in the long run.
Earlier, Bigendra Krishna Malla had filed a case against Dr Roop Jyoti and entire Jyoti Group complaining that he had paid Rs 27.6 million in installments since September 2014 for a house at Bansbari in Budanilkantha to Landmark Developers, in which Jyoti Group has a stake but he still has to get possession of the house.
Issuing a press note today, various commodity associations and district chambers, said that they have started protests across the country against the highhandedness of the government machinery and assault on private sector.
The intimidation of some people backed with the government machinery is a serious threat to the development of the private sector under the two-third majority stable and strongest government in Nepal’s history, a former president of Federation of Nepalese Chambers of Commerce and Industry (FNCCI) said, adding that the Nepal Inc has lost confidence on the government as it has been misled by some crook people.
The member organisations under FNCCI – including Nepal Automobile Dealers’ Association (NADA), Federation of Contractors’ Associations of Nepal (FCAN), Kathmandu Chamber of Commerce and Industry and Dairy Association of Nepal – have launched protests against the arrest of Dr Roop Jyoti and arrest warrant against Padma Jyoti, who is not only the former president of FNCCI but also a fair businessman compared to others.
Citing that such high-handedness against entrepreneurs is creating havoc in the business community and terrorising them, the private sector representatives asked the Prime Minister to interfere and ensure the business confidence.
While police arrested Dr Roop Jyoti last week from the Tribhuvan International Airport (TIA) on charges related to housing fraud, the Kathmandu District Court issued an arrest warrant against Padma Jyoti on the same case.
“The arrest of members of Jyoti Group has terrorised the entire private sector,” senior vice-president of FNCCI Shekhar Golchha said, adding that such activities will affect the business environment and discourage investment in the long run.
Earlier, Bigendra Krishna Malla had filed a case against Dr Roop Jyoti and entire Jyoti Group complaining that he had paid Rs 27.6 million in installments since September 2014 for a house at Bansbari in Budanilkantha to Landmark Developers, in which Jyoti Group has a stake but he still has to get possession of the house.
No comments:
Post a Comment