Tuesday, November 29, 2005

RBB Doti official to remain in judicial custody
Kathmandu, Nov. 29- The Special Court gave permission to the Commission for Investigation of the Abuse of Authority (CIAA) to remand then assistant manager of Doti district branch of Rastria Banijya Bank (RBB), Kailash Shrestha for 30-day judicial custody and initiate investigation on the charges against him on Monday.The Commission has found in its primary investigation that Shrestha misappropriated Rs. 4.1 million by creating fake documents. The central office of RBB had recommended the CIAA for further investigation after conducting an investigation in this connection.The Commission had arrested Shrestha from Doti and brought him to Kathmandu last Friday, sources at the CIAA said.

Mainwhile The Commission for Investigation of Abuse of Authority (CIAA) has initiated action against three top level bank employees and the companies providing vehicles, in connection with the controversial investment procedure involved in the purchase of microbus for the Agricultural Development Bank (ADB).The CIAA has initiated action against the bank employees and the companies supplying the vehicles after it recorded statements from the entrepreneurs after 19 persons from Itahari, Sunsari who took loans of up to 70 per cent of the total investment from the ADB for the purchase of vehicles did not operate the vehicles after purchasing the same, according sources in the District.CIAA has filed cases against Acting General Manager of the ADB, Jalan Kumar Sharma, Deputy General Manager Ram Chandra Maharjan and Department Chief Bharat Kumar Pokharel, Jagar Nath Sonar of Kathmandu Tuk Tuk, the company that supplied the buses, Rabindra Sonar of the Rabi Enterprises and Anita Sonar of the Anita Electronics and Mechanical. CIAA has demanded a fine of Rs. 105,000,000 from each of the accused.

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