NRB opens on-site investigation into singer Amatya’s land scam – myRepublica

KATMANDU, November 13: Nepal Rastra Bank (NRB) has opened on-site investigations into the land scam in which Kumari Bank was accused of granting loans against the forged land certificate.

Kumari Bank has been accused of granting loans of Rs 190 million to borrowers who produced false certificates of ownership of land owned by popular singer Yogeshwor Amatya. Senior Kumar Bank officials, in collusion with land traders, are accused of embezzling the loan amount issued via the forged documents from the 12 bigha lands of Amatya in Bishrampur, Bara district.

As part of the scam, police arrested five defendants including two staff from Kumari Bank Sonu Thakur and Rajesh Chaurasiya and three real estate traders Kusan Pradhan, SK Maharjan and Muktilal Gautam. Likewise, four other defendants, including the deputy director of Kumar Bank, Parsa and three real estate traders, including Shova Shrestha, are currently on the run.

NRB spokesman Narayan Prasad Pokharel said the central bank sent its team to investigate the scam on the spot. “NRB will take action against those convicted in this case,” he said.

Meanwhile, the Central Bureau of Investigation (CIB), which has been investigating the scam for three weeks, transmits its investigation reports to the public prosecutor’s office on Sunday to classify the cases against the accused persons.

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