The 37th General Assembly of Nepal Investment Mega Bank Completed in a Dispute even without Electing Directors

Kathmandu : The 37th General Assembly of Nepal Investment Mega Bank ended in disputative situation. Even though the directors were not elected the bank has authorized the general assembly of that day.

Before the general meeting, Professor Dr. Tara Prasad Sapkota, who is also a shareholder, filed a writ against 10 people including the bank, saying that some people are not qualified for the 16-member board of directors.

Due to the short-term interim order issued by the Supreme Court Judge Mahesh Sharma Paudel, the election of directors could not be held. The general meeting of the bank was not tense only because of the writ but the issue of Chhayadevi complex case of Thamel, in which Chairman Prithvi Bahadur Pandey is the main investor, this issue has heated atmosphere of the general meeting.

More than 13 directors and shareholders questioned the Chairman Pandey about the embezzlement of the bank in Chhayadevi complex along with internal bank disputes which has disrupted the general meeting of that day. Not only that, they objected that the institution was brought into disrepute by the illegal actions of the person who is leading their bank.

According to one of the shareholders who participated in the discussion session of the general meeting, Chairman Pandey took more than 10 minutes to reply after the board of directors and shareholders questions about the reason to him. One of the shareholders in the meeting told beemapost that regarding the raised question, chairman Pandey replied that there is not any investment of the bank on the Chhayadevi complex and he also said that he will give detailed information in the upcoming day of election of directors.

But the some of the directors said that they won’t believe in the oral statement of the Chairman Pandey and asked for a written statement regarding this issue of ‘Chhayadevi complex’ case.  Due to the issue of Chhayadevi Complex case, the general meeting of the bank had been disrupted on that day.