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Vice-chairman Tulsi Giri, will not be repaying the loan he took from Nepal Bank Ltd. And it's not just Dr Giri, his wife Sara Giri isn't ready to repay the loan she took for General Electricals either. After Drishti first published the news about Dr Giri being blacklisted because he didn't pay the Rs 300,000 loan taken from Nepal Bank, it has been learnt that the bank administration received several threats. Dr Giri then desperately tried to hide the evidence. Once the news spread, Dr Giri ordered the Finance Ministry to call a meeting with the working committee of the bank on 12 June. Giri told them to hide all files and ministry officials seriously reprimanded working committee members of the bank for leaking the news. Bank officials say they had tried to reach Dr Giri many times and had even sent several letters to that effect before finally blacklisting him in 2001. Officials of the loan department say the head of the working committee now has all papers relating to the loan. Dr Giri has now halted the proceedings.

A four-member team of the IMF led by Nepal Desk Chief CC Doko who was here on 13 June met Finance Minister Madhukar Shumsher Rana and pressured him to make sure that all borrowers paid back and to take action against all defaulters. On 13 June, the Ministry sent details regarding the meeting of 12 June to the IMF.


LATEST ISSUE
638
(11 JAN 2013 - 17 JAN 2013)


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