Three jailed for scam

Himalayan News Service

Kathmandu, July 22:

The Royal Commission for Corruption Control (RCCC) today slapped a two-month jail term on Nandan Hari Sharma, the executive director of the Civil Investment Trust (CIT), for “allocating loan to a private company” without following proper procedures and conducting investigation.

A three-member bench comprising RCCC members Hari B Chaudary, Raghu Chandra B Singh, and Prem Bahadur Khati also slapped a one-month jail term on Sushil Aryal, a senior official at the CIT, for “his involvement” in allocating the loan, and Nisha Thapa, the recipient of the loan of about 4.96 crore from the CIT. The RCCC bench convicted her of keeping her land as collateral in three financial institutions to construct a supermarket in Putalisadak. Thapa had taken the loan from the CIT to pay the debt of the Standard Finance. “We have carried out every process as per the banking procedures,” said Thapa after the verdict. Sharma, the CIT executive director, said he accepted the jail term as a “prize” for his honesty. “If corruption can be rooted out by sending a person like me to jail, I am glad to go to jail,” he said. Sharma, Thapa and Aryal have been sent to the Central Jail.