Rs. 20.40 Billion Unaccounted for at Nepal Bank Limited: Complaint Filed for Investigation against Ex-Chairman
A complaint has been filed at the Auditor General’s Office alleging the disappearance of Rs. 20.40 billion from Nepal Bank Limited. Shareholder Angraj Bharti lodged the complaint, while the CIAA has also filed a corruption case against former Chairman Dr. Chandra Bahadur Adhikari and four others over a Rs. 1.9 million bribe.
A serious financial allegation has surfaced against Nepal Bank Limited, the country’s oldest commercial bank, after a complaint was reportedly filed at the Office of the Auditor General. According to a report by Nagarik Dainik, the complaint lodged by shareholder Angraj Bharti calls for an investigation into the unexplained disappearance of Rs. 20.40 billion from the bank’s accounts.
The complaint does not specify under which budget category or financial heading the amount went missing, nor does it clarify how or where the funds were spent. This lack of transparency has raised major concerns about financial governance and oversight within the institution.
In a related development, the Commission for the Investigation of Abuse of Authority (CIAA) has filed a corruption case against former Nepal Bank Chairman Dr. Chandra Bahadur Adhikari and four other individuals. The group is accused of accepting a bribe of Rs. 1.9 million, intensifying scrutiny over management practices at the bank.
These developments have sparked public concern and drawn attention from regulatory bodies. If the allegations are proven, it could mark one of the most significant financial irregularities in Nepal’s banking history.
Authorities are now expected to launch a thorough audit and investigation to trace the missing funds and determine accountability. Stakeholders and citizens alike await further updates as the case unfolds.