December 13: The Ministry of Finance has forwarded a probe report into alleged irregularities by Nepal Rastra Bank’s Deputy Governor Shiva Raj Shrestha to the Office of the Prime Minister and Council of Ministers.
A three-member probe committee formed by the central bank on November 4 had recently prepared its report after investigating Shrestha’s alleged involvement in irregularities by abusing his power as the deputy governor of NRB.
The central bank had submitted the 30-page report to the Finance Ministry on Wednesday (December 11).
Shrestha has been accused of favouring Ncell in a sub judice case at the Supreme Court and also of helping banks and financial institutions to conceal bad loans.
A member of the probe committee Ramji Regmi told New Business Age that they prepared the report on the basis of the findings of the investigation.
“We have mentioned in the report whatever we found during investigation,” said Regmi.
“The decision of Shrestha alone is not enough to approve all the files. However, we have investigated all the decisions taken by Shrestha during his tenure,” added Regmi.
Members of the probe committee said they prepared the report after cross checking the data and files from every department and by interrogating the concerned officials.
According to a source, the report mentions about Shrestha concealing files of Apex Bank and Grand Bank, which has now merged with Prabhu Bank.
The committee also investigated about the allegations that Shrestha was involved in financial irregularities during his trips to Argentina, Spain, Bangladesh, Thailand, Sri Lanka among other junkets.
A member of the committee said that the report also includes information about Shrestha’s alleged involvement in favouring Ncell in a sub judice case at the Supreme Court.
The committee was headed by Shreeram Poudel while the other member of the committee was Dr Subodh Kumar Karna.
Shrestha was automatically suspended from his post with the formation of the committee as per Article 22 of the Nepal Rastra Bank Act 2058.
A cabinet meeting on October 17 had decided to take action against Shestha as per the recommendation of the Anti Money Laundering Department.