Kathmandu, May 13: The Central Investigation Bureau has arrested Jyotiprakash Pandey, Chief Executive Officer (CEO) of Nepal Investment Mega Bank (NIMB) Limited, over his alleged involvement in the crime of fraud and criminal breach of trust related to telecommunications.
According to CIB spokesperson Shiva Kumar Shrestha, 63-year-old Pandey, originally from Raktakali, Kathmandu and currently residing in Lalitpur-5, Manbhavan, was apprehended on Tuesday night in Kamalamai Municipality-6, Sindhuli along the Madan Bhandari Highway while fleeing after switching off his mobile phone.
Smart Telecom Pvt. Ltd., which had obtained a license from Nepal Telecommunications Authority, Kathmandu on 2 Baisakh 2070 to provide basic telephone services, had its license automatically revoked on 3 Baisakh 2080 as per the Clause 25 (5) of the Telecommunications Act, 2053 BS for the license was not renewed, Shrestha stated.
As per Rule 18 of the Telecommunications Service Provider Asset Management Regulations, 2079, Pandey was required to hand over all assets, telecommunications infrastructure, structures, telecommunications systems, and telecommunications networks to the NTA.
“The NIMB received that amount after the notice for submitting the bid was published. But as of now, it has neither handed given the house owner the house lease nor the electricity charges. An investigation is underway under the National Penal Code, 2074, for the crime of fraud and criminal breach of trust.”
Spokesperson, SSP Shrestha informed that an investigation is ongoing against Pandey for the same offense. #nepal #rss
