Kathmandu, August 20
Weeks after a report revealed that some officials of the regulator Securities Board of Nepal (SEBON) and Nepal’s only share market, Nepal Stock Exchange (NEPSE) were involved in share transactions amounting to a conflict of interest, the Finance Committee in the House of Representatives told the government to take action against them.
A meeting of the committee held on Friday directed the government to take action against SEBON Chairman Bhishma Raj Dhungana and NEPSE CEO Chandra Singh Saud among others immediately as they traded shares based on the insider information they had, thereby going against their professional ethics.
Earlier, they were found to be trading shares of Sarbottam Cement.
Likewise, the committee also told the government to carry out a detained investigation into the case.
The meeting had also inquired Finance Minister Janardan Sharma and Secretary Madhu Kumar Marasini about the issue today.