Kathmandu. Newly appointed CEO of Sindhu Bikas Bank Ganesh KC has been found to be involved in a criminal case. KC, who was the deputy CEO of the bank, was appointed as the CEO of the bank a few days ago.

In a 50-page investigation report obtained by Arthasarakar. com from a confidential source, the investigation report in the case of borrower Global Suppliers (grocery shop) Hetauda has said that he has not been acquitted.

According to the report, there has been a huge embezzlement and scam in the bank by giving it to a grocery store called Global Suppliers. According to the report, a total loan of Rs 4.75 crore was submitted to the board of directors for approval on September 26, 2080 for 10 years, including Rs 40 million business term loan and 7.5 million overdraft loans. However, it has been clarified in the report that the paperwork required to be completed in this process has not been completed.

After the decision of the Board of Directors, the loan of Rs. 32.5 million was submitted to the management for approval on October 30, 2080 and the loan was dispatched on the same day with the approval of the then CEO of the bank, Ram Kumar Giri. However, the report states that the borrower’s uncle Tulsiram Raut did not use the loan for commercial purpose and did not collect interest and principal.

The report also mentions that the corporate office had forced him to sign the bad memo and that he had been forced to sign the bad memo. The report also states that the incumbent CEO KC issued the loan under pressure from the bank’s chairman.

The report also revealed that a bribe of Rs 30 lakh was made while issuing the loan. The report has implicated the then CEO Ram Kumar Giri and employees of the bank including Suman Adhikari, Rabin Kunwar Chhetri, Binod Shrestha, Pramod Neupane and others.

In the case of Ganesh KC, who has been appointed as the current CEO, the report clearly states that KC cannot be absolved of the blame as he has failed to fulfill his accountability duty and the bank has suffered losses ।

https://arthasarokar. com/2023/07/exclusive-a-horrific-scam-of-rs-30-million-in-sindhu-bikash-bank-customers-were-duped-in-this-way-by-ruksha-shresthas-design. html

What does CEO Casey say?

However, CEO of the bank Ganesh KC has denied any wrongdoing. In a conversation with Arthasarokar, he argued that if he was found guilty, the board of directors would not make him the CEO. “If I had done something wrong, I wouldn’t have applied for the CEO, and the board of directors wouldn’t have made me the CEO. “Everything will be fine, I have been given the responsibility of CEO,” KC said. ’

He also falsely claimed that none of the reports had exonerated him. However, the report clearly questioned his role and cannot be said to be exonerated.

More details of the bribery in the loan flow will be published in

the next issue.

https://arthasarokar. com/2021/12/ground-zero-sindhu-bikash-bank. html