The probe committee has recommend government to take action against chair of the Securities Board of Nepal (Sebon) Bhisma Raj Dhungana. The committee reported that Sebon chair misused his position to take undue advantage.
Submitting its report to the government today former High Court Judge Ananta Raj Dumre, who led the committee, said that the government will do needful as his team has completed its duty. The committee handed the investigation report to finance minister Janardan Sharma at a programme organised at the Finance Ministry.
The cabinet had formed the committee on September 1 to investigate the allegations against Sebon chair Dhungana. It was asked to submit its report within 15 days.
Receiving the report, finance minister Sharma said that the government will take necessary decision after studying it. He also vowed to protect interests of all investors in the capital market.
The Sebon chair Dhungana and Nepal Stock Exchange (Nepse) chief executive officer (CEO) Chandra Singh Saud have been blamed for taking golden shares of the Sarbottam Cement -- that is preparing to issue public share through book-building process -- in the name of daughter and wife.
The Public Accounts Committee (PAC), under the parliament had summoned the both and directed the government to take action against both of them on the allegation. Likewise, Earlier On August 20, the Finance Committee also had decided to take action against Sebon chair and Nepse CEO Saud for taking unfair advantage of their position while purchasing the shares.
The Finance Ministry had also sought clarification from both of them.
On August 24, Saud has resigned claiming that he has not misused his position, while buying Sarbottam Cement share in the name of his wife.
No comments:
Post a Comment