Kathmandu. KATHMANDU: Nepal Mega Investment Bank (MBL) has issued a statement on Tuesday after the arrest of its Chief Executive Officer (CEO) Jyoti Prakash Pandey.
The bank said in a statement today that it has been taken care of. “According to a press release issued by the Central Investigation Bureau of Nepal Police (CIB) today, the bank’s attention has been drawn to the materials published in various media regarding the allegations of auctioning the properties of Smart Telecom to the borrower of Yes Bank and the fact that the bank has been taken under control for investigation into the unpaid electricity bills and the dues of the house and electricity bills to the landlords who are connected to the telecommunication services to be auctioned.” The statement said.
According to the statement, the bank has taken the action as per the loan recovery process in accordance with the legal obligations and responsibility to recover the loan issued from the depositors by fully complying with the prevailing laws regulating the banks and financial institutions, especially Section 57 of the Banks and Financial Institutions Act, 2073 and the Secured Transaction Act, 2063 BS.
The bank has been providing all the documents, details and necessary assistance sought from the concerned bodies in time for the purpose of investigation. The bank has pledged to provide continuous support in the days ahead.
The bank has published a notice for the auction of various equipment related to borrower Smart Telecom on September 19, 2082. “Out of the total Rs 4.60 billion received through the auction as per the notice, Rs 4.22 billion has been deposited in the bank account due to the closure of the bank account due to the payment of the co-financing loan facility and the bank has frozen the account,” the statement reads. The ban has been made for the purpose of paying electricity bills. ’
According to the bank, the amount will be paid in a gradual manner after receiving a request from the concerned body for payment with evidence.
