Kathmandu, December 26:
Yet another bank scam related to NB Group has come to the highlight with Nepal Credit and Commerce (NCC) Bank Limited reluctant to auction the shares pledged by two defaulters.
The NB Group has pressurized NCC Bank not to auction the shares pledged by Nepal Power Development and Himalayan Capital Markets as doing so would weaken the grip of the Group in National Hydropower Company, according to knowledgeable sources.
Nepal Power Development holds 11.72 lakh units and Himalayan Capital holds 18.75 lakh units scrip of National Hydropower Company.The auction process has been stalled for a year after the bank declined to transfer all the shares to the
Yet another bank scam related to NB Group has come to the highlight with Nepal Credit and Commerce (NCC) Bank Limited reluctant to auction the shares pledged by two defaulters.
The NB Group has pressurized NCC Bank not to auction the shares pledged by Nepal Power Development and Himalayan Capital Markets as doing so would weaken the grip of the Group in National Hydropower Company, according to knowledgeable sources.
Nepal Power Development holds 11.72 lakh units and Himalayan Capital holds 18.75 lakh units scrip of National Hydropower Company.The auction process has been stalled for a year after the bank declined to transfer all the shares to the
