Bank deposits, shares and lands owned by the family of Uttam Bahadur Pun, patron of Nepal Development Bank (NDB), and Chairman Amar Gurung have been frozen.
After the Revenue Investigation Department (RID) wrote to Nepal Rastra Bank (NRB) on Tuesday, the Security Board of Nepal (SEBON) and the Department of Land Reforms and Management (DoLRM) asking them to assist in freezing the duo's assets, these offices have frozen them by writing to the offices under them. As per the request made by NRB to the RID, it had written to the concerned offices to freeze the assets owned by the two accused persons.
They have been charged with embezzling Rs. 1.08 billion of NDB's property. A RID official said that it had already received confirmation from NRB about the freezing of their accounts in all banks and were awaiting confirmation from other offices too. SEBON chairman Surbir Poudel said that SEBON had already directed the Nepal Stock Exchange to freeze any trading of the shares owned by the two persons.
"I received the letter regarding Pun on Tuesday and directed NEPSE to freeze any trading of shares immediately," he said. "On Gurung's case, we directed NEPSE on Thursday as I obtained a letter from the RID the same day." Rajendra Prasad Sharma, director general of DoLRM, said that his office had written to all 83 Land Revenue Offices across the country on Wednesday directing them to bar trading of property owed by Pun and Gurung.
Source: eKantipur
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Friday, July 17, 2009
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