SC orders banker Pande’s release

Kathmandu, May 15: The Supreme Court on Friday issued an order to release Jyoti Prakash Pande, Chief Executive Officer of the Nepal Investment Mega Bank Ltd. In response to a habeas corpus writ petition, a division bench of Justices Sharanga Subedi and Shanti Singh Thapa issued the order to release…

Arrears reach Rs 755 billion, Rs 88.09 billion added in a year

Kathmandu, May 15: Total arrears of the country have reached Rs 755 billion. It is stated in the Annual Report of the Office of the Auditor General (OAG) for the fiscal year 2081/82 BS submitted to President Ramchandra Paudel today. The Office of the Auditor General, also the Supreme Audit…

NAC owes over 55 billion to EPF, CIT

Kathmandu, May 15: The total amount of loans owed by Nepal Airlines Corporation (NAC) to the Employees Provident Fund (EPF) and the Citizens Investment Trust (CIT) has reached Rs 55.47 billion. It includes both principle and interests. The loans were taken to purchase airbuses. It was stated in the 63rd…

Office of Auditor General submits annual report to President Paudel

Kathmandu, May 15: The annual report of the Auditor General for the fiscal year 2081/82 (2024/25) has been submitted to President Ramchandra Paudel. Auditor General Toyam Raya presented the report to the President at a special ceremony held at Rashtrapati Bhavan today. On the occasion, President Paudel expressed concern over…