If the Stock Market is Under the Control of Criminals, Investors Commit Suicide, who will take Responsible to Pain?

Nawaraj Neupane

Kathmandu : Due to the government policy of supporting criminals and the mafia and the monetary policy of regulating investors, ordinary investors have reached a state of suicide. Disappointment has been increasing in the stock market for the past six months. Share prices are continuously falling.

At such a time, the companies that were losing money have managed to raise billions of rupees by luring investors by issuing IPOs at a premium price. There is no other reason to believe that the government of Nepal is involved in this serious financial crime in the Nepali stock market.

The regulator Nepal Securities Board is its main tool and dares to feed limited traders and mafia by abusing investors. Some time ago, the Securities Board, which had committed an economic crime by allowing the loss-making Citizen Daily to issue an IPO illegally, committed another crime by allowing the IPO of Ghorahi Cement to be issued. Now again, by letting Sonapur Cement issue IPO at a premium price, it has become an instrument of financial crime to collect billions of rupees, Sebon.

The Nepali stock market, which has an investment of over 33 billion, has now reached a serious and extremely dangerous situation due to wrong policies and policy corruption decisions. As the stock market continues to decline, some investors flee from the stock market and some commit suicide. The lack of a solid government policy to raise the stock market, the mischief of Sebon, who arranges the IPO issue at a premium price to raise billions of rupees for companies that are about to collapse, are not only disappointed, but the investors are fleeing.

Three years ago in the Nepali stock market, a period of enthusiasm, excitement and gold started. With the aim of making a living from share trading, many people left other professions and started investing in this sector. When the daily turnover was 22 billion and millions of people were trading in the stock market, the NEPSE index was at the point of 3200.

It was at that time that the mafia caught the eye of the Nepali stock market. As a result, IPOs and IPOs were issued at premium prices by drowned companies and companies that could not distribute dividends in the future. An example of this is the IPO of Citizen Media and the premium priced IPOs of Sonapur Cement and Ghorahi Cement.

You don’t have to go far to know that the best cement book building is also of the same brand. It has been confirmed from Sebon’s behavior. The question arises – is it time to issue an IPO in book building in Nepal? Using Nepal’s minerals, producing cement by exploiting the environment and allowing shares to be issued in book building? Where can the state be more naked than this?

The Nepal Securities Board has fallen into the hands of “Natwarlals” who have a criminal mentality, who consider only the new rich and the new capitalists to be the best, and who do not even know the Constitution and prevailing laws of Nepal. At first, the investors did not recognize those international mafias and on the contrary they came to praise them. In the name of radical reforms (just as mafias gathered money in the Supreme Court in the name of radical reforms), investors were tricked and a network of exploitation was laid.

In the guise of that, now sunken companies Sonapur Cement and Ghorahi Cement were allowed to issue IPO at a premium price to rob the investors. From this, how many bribes were taken by Sebon’s boss, Piwan and the higher leadership, in the future, someone will make it public through some book. Worrying indeed: the Nepali stock market, which has been so shaken that it cannot get up, has increased the risk of going into a coma before that.

It would be natural for the investor to commit suicide when the regulator, who is self-exaggerating, acts like a mad bull in favor of corruption, fraud, conspiracy and ultra-capitalism contrary to the constitution. Chairman of Nepal Securities Board Ramesh Hamal took advantage of the knowledge gap of newly elected parliamentarians when he called for a discussion in the finance committee of the parliament. In the Nepali capital market, he established the comment that he is a world-knowing securities administrator and further aggravated the ‘mafia exploitation’ of investors.

Investors who initially jumped on the bandwagon after stumbling are now on their own. They have become half-witnesses before the profit trading run by the Nepal Securities Board. While it is not a practice in Nepal to issue an IPO at a premium price, Sebon has committed a crime by allowing even a loss-making company to issue an IPO at 100 rupees, explaining extreme capitalism. Who will speak in favor of this economic crime? Everyone is silent. Other media should also issue IPO in this model and IPO at premium price.