Sunday, 20th April 2014

Central bank to freeze assets of six including former KIST Bank CEO Gyawali

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Nepal Rastra Bank (NRB) has issued directives to banks and financial institutions to freeze the movable and immovable property as well as shares of six people implicated in banking crimes.

The central bank has directed the BFIs to freeze the movable and immovable assets of six people including the incumbent as well as the then office-bearers of KIST Bank Limited and Jamko Publications.

It has also requested the Land Revenue and other government offices to ban the use of the immovable property of these individuals.

NRB has frozen the movable and immovable property and the shares of then Chief Executive Officer (CEO) of KIST Bank, Kamal Prasad Gyawali, a permanent resident of Thanpati VDC-5, Gulmi district and currently residing in Manbhawan, Lalitpur; CEO of KIST Bank Bal Narsingh Gharti of Pipaldanda VDC-1, Palpa and Deputy General Manager  Manjaya Raj Pandey of Biratnagar Sub-metropolitan City -8.

Others, whose movable and immovable property as well as the shares have been put on the freeze, are Deputy General Manager of KIST Bank Pragun Shrestha of Lalitpur Sub-metropolitan City -18; Kishor Dhakal of Jamko Publication, Anamnagar, Kathmandu and a resident of Duwakot VDC-3, Bhaktapur and his wife Devaki Bastakoti. Dhakal has been currently living in Lalitpur Sub-metropolitan City-13.

The Metropolitan Police Sector Crime Investigation Division has also written to the bodies concerned in accordance with the NRB directives.