NRB forms panel to probe deputy governor Shrestha

File: NRB deputy governor Shiba Raj Shrestha

Kathmandu, November 4

The central bank on Monday formed a three-member committee to look into alleged charges labelled against its deputy governor Shiba Raj Shrestha.

While Shrestha is claiming that the move is being made to fire him so that he could be excluded from the race for the governor of Nepal Rastra Bank, the central bank says it is opening the probe as directed by the Ministry of Finance.

A meeting of the NRB board held on Monday formed the committee headed by the board member Ramjee Regmi. Sri Ram Poudyal and Suvod Kumar Karn are other members.

Earlier, the ministry had sent a letter to the NRB telling it to initiate action against him as he was not cooperating with the government in anti-money laundering investigation. Likewise, he is also accused of helping banks and financial institutions cover their bad debts.

Shrestha is said to be close to the main opposition Nepali Congress party.

Published on November 4th, Monday, 2019 11:30 AM

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