Kathmandu. A criminal case has been filed against Suman Sharma, the current CEO of Prabhu Bank, on charges of cheating and criminal breach of trust while at Laxmi Sunrise Bank (then Sunrise Bank).
According to the Employees Bye-laws approved by the regulator Nepal Rastra Bank, the employees of Prabhu Bank are automatically suspended if a criminal case is filed. According to this provision, Sharma has been suspended.
However, in such a case, it has been found that the NRB is trying to protect Sharma by saying that the CEOs of other banks may also be involved in the suspension of the CEO.
It has been found that the former boss of the Rastra Bank is also lobbying to protect Sharma. The victim had approached the police against the bank saying that the loan was not given by approving the loan and instead auctioning the collateral.
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