Nepal Police Investigating Alleged Violations of Securities Act, 2063
The Central Investigation Bureau (CIB) of Nepal Police Headquarters, Lajimpat, has formally written to the Securities Board of Nepal (SEBON), Khumaltar, Lalitpur, requesting the suspension and freezing of shares held by 56 individuals currently under investigation.
According to the notice issued by the CIB, the investigation is being conducted under the Securities Act, 2063, in a case filed on behalf of the Government of Nepal against Dipak Bhatta.
The bureau has directed SEBON to provide complete details of all investments and shares held by the 56 individuals named in the investigation. It has also instructed the regulatory body to freeze those shares until further notice is issued by the investigating authority.
Individuals Linked to Banking and Insurance Sectors
The 56 individuals named in the notice are reportedly associated with several banking and insurance institutions operating in Nepal. According to the investigation notice, the individuals include directors, board members, senior executives, and other high-ranking officials connected to various financial institutions.
The people under investigation are residents of different districts across Nepal.
CIB Seeks Detailed Shareholding Information
The CIB has requested SEBON to submit complete shareholding records, including details of investments made by the individuals under investigation. The bureau also instructed that the requested information be sent through its official email address.
The investigation appears to be part of a broader effort by Nepal Police to examine potential violations related to securities trading and financial activities.
Investigation Led by Police Inspector Ganesh Paudel
The official notice has been signed by Ganesh Paudel, who is serving as the investigating officer in the case.
Authorities have not yet publicly disclosed the detailed allegations against the individuals involved. The investigation remains ongoing.
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