MP Jhakri Accuses Government of Intimidating Private Sector by Arresting Bank CEO

Kathmandu. CPN (UML) MP Ram Kumari Jhakri has accused the government of intimidating the private sector by arresting Nepal Investment Mega Bank Chief Executive Officer (CEO) Jyoti Prakash Pandey without cause. She made such an accusation while speaking at a National Assembly meeting on Monday. She condemned the arrest of the bank's CEO, accusing him without understanding the prevailing law and the spirit of the banking system regarding rescheduled assets and liquidations, stating it was against the spirit of the law. She stated that arresting the bank leadership, which mobilizes depositors' funds, based on the question of whose property it is, which has already come under the control of the Nepal Telecommunications Authority, is illegal. She objected, saying that in the name of good governance and effective service delivery, the government is creating fear among the private sector. Speaking at the meeting, Jhakri said, 'A few days ago, the police arrested the CEO of Investment Mega Bank. The accusation is that the CEO has to say whose rescheduled asset has gone into liquidation. However, without understanding what the bank and the prevailing law say, arresting the CEO who disburses loans to the public and depositors and the CEO who protects it, and the accusations and slander that he has to wait to see whose property it is and whose priority it is, are condemnable. The government is intimidating the private sector and not allowing them to work in the name of good governance and effective service delivery. The days of ruling by terror will surely pass. Therefore, the government should pay attention to this and keep in mind the prevailing law.' MP Jhakri has also strongly warned the government to take steps only after considering the spirit of banking and the prevailing law.