CIAA Registers Cases Against 8 in Connection to Financial Irregularity in Bank

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CIAA Registers Cases Against 8 in Connection to Financial Irregularity in Bank
A logo of the Commission for the Investigation of Abuse of Authority taken from the Facebook page of the antigraft body.

November 26: The Commission for the Investigation of Abuse of Authority (CIAA) has registered corruption cases against eight individuals including a former section officer of Swayambhu branch of Agriculture Development Bank.

In the charge sheet, the anti-graft body has stated that the accused were involved in embezzling the bank’s money by opening fake accounts using forged citizenship certificate.

The arrested have been accused of misappropriating Rs 339.4 million. The CIAA has demanded the Special Court to recoup the amount from the fraudsters and slap an equal amount of fine on each of them.

The CIAA has demanded a fine of Rs 2.71 billion from the eight individuals, according to CIAA Spokesperson Pradeep Kumar Koirala.

Those accused in the case include ADB’s section officer Kedar Prasad Gautam, branch manager Bharat Bahadur Baniya, Samjhana Pokharel Gautam, Jenny Shrestha Gautam, Suman Bhujel, Surya Bahadur Limbu, Sandeep Gupta and Krishna Hari Thapa.   

The CIAA has stated that the accused were involved in embezzling the above mentioned amount between mid-September 2014 to mid-June 2015.

CIAA said it has proof that Gautam had opened a new account under the fake name of Tej Bahadur Thapa and also acquired passport in that name.  

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