Wednesday, September 14, 2011

meroLagani | NRB seeks clarifications from six banks

meroLagani | NRB seeks clarifications from six banks

KATHMANDU, Sept 14: Nepal Rastra Bank (NRB) on Wednesday sought clarifications from six commercial banks through which eight firms in Birgunj managed to siphon out Rs 1 billion worth of Indian Currency (IC) by producing fake customs documents.

The central bank has asked the six banks to furnish details that led them to pay such a huge amount of IC to them. NRB sough clarification from Birgunj-based branches of NIC Bank, Nepal Investment Bank, Nepal Bangladesh Bank, Laxmi Bank, Everest Bank and Siddartha Bank after a three-member team led by NRB Deputy Director Chet Prasad Upreti initiated investigation into the cases.

The central bank had deputed the team mainly to dig out facts and complexity surrounding the case, mainly to know if banks staffs and customs officials were involved in the wrongdoing.

“We have distributed questionnaires to all six banks, seeking details on their IC transactions over a year´s span,” said the source.

The banks´ response will determine whether or not they flouting existing rules and regulations while dealing with their customers.

The NRB team will also verify the customs declaration forms and demand drafts with banks statements to confirm whether or not the traders had misappropriated IC.
Another team from Department of Revenue Investigation (DRI) has also been investigating the documents at Birgunj Customs Office to check possible involvement of customs officials in the cases.

The High-Level Financial Sector Coordination Committee had also recommended to the government on Monday to form a high-level panel to be led by a deputy governor of Nepal Rastra Bank (NRB) to look into the reported IC misappropriation in the name of imports.

DRI´s initial investigation shows that the eight firms have misappropriated around Rs 770 million worth of IC by producing demand drafts and customs declaration forms at over half a dozen banks in Birgunj.

Those firms withdrew Rs 630 million from NIC Bank, Rs 11.8 million from Everest Bank, Rs 32.3 million from Laxmi Bank, Rs 7.7 million from Nepal Bangladesh Bank, Rs 60.4 million from Siddhartha Bank and Rs 16.4 million from Nepal Investment Bank. Those firms are also found to have opened accounts with Sunrise Bank, Nabil Bank, Global Bank and Bank of Kathmandu.

An investigation carried out by the DRI had found Maxwell Computer, Shyam Galla Bhandar, Jaya Mata Di International, Digital World and GS Traders of producing fake customs documents to withdraw the huge amount of IC from different commercial banks. Five proprietors of those firms have been taken into custody.

In another cases of suspected IC misappropriation, DRI has sealed Nitesh Brothers, Jaibaba Amar Nath and Gangotri Gallaghar in Birgunj and put Dinesh Gupta, proprietor of those firms, behind the bars.

Source: myrepublica

1 comment:

Anonymous said...

म एडम्स KEVIN, Aiico बीमा plc को एक प्रतिनिधि, हामी भरोसा र एक ऋण बाहिर दिन मा व्यक्तिगत मतभेद आदर। हामी ऋण चासो दर को 2% प्रदान गर्नेछ। तपाईं यस व्यवसाय मा चासो हो भने अब आफ्नो ऋण कागजातहरू ठीक जारी हस्तांतरण ई-मेल (adams.credi@gmail.com) गरेर हामीलाई सम्पर्क। Plc.you पनि इमेल गरेर हामीलाई सम्पर्क गर्न सक्नुहुन्छ तपाईं aiico बीमा गर्न धेरै स्वागत छ भने व्यापार वा स्कूल स्थापित गर्न एक ऋण आवश्यकता हो (aiicco_insuranceplc@yahoo.com) हामी सन्तुलन स्थानान्तरण अनुरोध गर्न सक्छौं पहिलो हप्ता।

व्यक्तिगत व्यवसायका लागि ऋण चाहिन्छ? तपाईं आफ्नो इमेल संपर्क भने उपरोक्त तुरुन्तै आफ्नो ऋण स्थानान्तरण प्रक्रिया गर्न
ठीक।