Wednesday, November 30, 2011

RBB gets new board‚ NBL to get soon


KATHMANDU: Rastriya Banijya Bank has got a new board under the leadership of Narhari Dhakal.

The new board — appointed by the current government led by Prime Minister Dr Baburam Bhattarai — took the oath of secrecy of the office amid a ceremony today.

The wholly state-owned bank, like other government entities, has been a centre for appointment for the cadres of successive governments.

Chairman of the board Dhakal is a development economist, who has more than 25 year long experience in working in financial sector restructuring and establishment across many Asian countries, according to the Rastriya Banijya Bank that has been in search of chief executive since its last chief executive Janardan Acharya’s term expired.

Though the government started the process of new chief executive appointment, the anti-graft body has stopped the process after an unsatisfied candidate complained.

The other members of the RBB board appointed today include Shanta Raj Subedi, Bishnu Das Dangol, Bal Chandra Shrestha and Pitri Bhakta Pokharel.

Similarly, another partly government-owned Nepal Bank Ltd is also gearing up for the change in the board due to the pressure from the government-affiliated union in the bank. At present, NBL’s board is headed by Keshav Khadka with Pramod Raj Sharma, Ramesh Prasad Upadhayay and Surendra Mani Tripathi — who were appointed by the former government of CPN-UML, but with the change in the guard of government, the UCPN-Maoist affiliated union in the oldest bank of the country has forwarded the name of Dr Bharat Shrestha to head the board with Kamala Hyachuri, Dinanath Pathak, Bhawanath Upadhayay.

Michael Jackson's doctor sentenced to 4 years in jail


LOS ANGELES: Michael Jackson's personal physician, Dr. Conrad Murray, on Tuesday was sentenced to four years in jail and denied probation for his conviction on a charge of involuntary manslaughter in the pop star's death.

"Thriller" singer Jackson died of a drug overdose in June 2009, principally from the use of the surgical anesthetic propofol as a sleep aid. That drug had been obtained and administered to Jackson by Murray at the singer's rented home.

Earlier this month, a jury convicted Murray of involuntary manslaughter, or gross negligence, in his treatment of Jackson after witnesses testified propofol should not be administered at home and, even if it is, it must be given only with the proper life-monitoring equipment on hand. It was not.

Dr. Murray had agreed to care for Jackson ahead of the singer's planned comeback concerts in London, and had negotiated a salary of $150,000 per month to care for the singer.

In sentencing Murray on Tuesday, Los Angeles Superior Court Judge Michael Pastor called Murray's actions "money for medicine madness that is simply not acceptable to me."

Murray sat in his chair, dressed in a gray suit and purple paisley tie, and did not express any emotion.

Chopper crashes‚ all safe


SALLERI: A Fishtail Air 9N-AIK helicopter with a crew member and a passenger, an Australian, on Tuesday met with an accident at Khumjung in Solukhumbu. There were no casualties though, said Fishtail Air CEO Suman Pandey. The chopper had failed to take off to a hover at Labuche area at around 1 pm. Bishnu Prasad Dhakal of Eco Lodge in Labuche, an eyewitness, said the chopper lost its balance while Captain Dipak Rana was making an attempt to lift off. The chopper was damaged. Another helicopter belonging to Air Dynasty had later rescued Rana and a co-pilot, who was not on board when the incident occurred. The Australian national, however, refused to return via a chopper and decided to trek to Lukla.

Special security for CA building


KATHMANDU: Special security arrangements have been made in the Capital city with special focus on the Constituent Assembly building following the extension of CA tenure by six months.

Police said the measures were adopted to prevent any untoward incidents based on intelligence that some political parties and groups unhappy with the tenure extension were likely to disturb peace.

More than 1,160 cops, led by Kathmandu police chief SP Rajendra Shrestha, were mobilised in and adjoining areas of the CA building round-the-clock.

Besides Nepal Police, more than 500 elite cops of Armed Police Force are mobilised as back-up.

Sniffer dogs, bomb disposal squads, water cannons and ambulances have been kept ready to cope with any unpleasant situation.

“Security in and around the CA building is our top priority,” SP Shrestha said.

Four major road junctions leading to the CA building are under the surveillance of security forces.

The security measures also coincide with rallies and various means of protests against the extension of CA tenure.

“We have arranged five-tier security for the CA building,” SP Shrestha informed. Earlier, Kathmandu District Administration Office had declared various parts of the Capital city a prohibited zone until further notice in view of the expiry of the CA term.

The prohibited zones cover areas near the Office of the President, Vice-President, Prime Minister, Singha Durbar and the CA building. Police said they had also kept tight vigil on transit points of the Valley. The administration has empowered police to arrest any suspects.

Big 3 agree to form national consensus govt

By A Staff Reporter

Kathmandu, Nov 29, UCPN-Maoist, Nepali Congress (NC), CPN-UML and United Democratic Madhesi Front (UDMF) Tuesday agreed to form a national unity government by extending the Constituent Assembly (CA) tenure for six months.

In a meeting held at Singha Durbar, the major political forces also inked a six-point consensus deal and said the parties would begin consultations to form the national unity government.

They also endorsed the report of the joint taskforce which recommended the 6-month extension of the CA tenure.

UCPN-Maoist chairman Pushpa Kamal Dahal ‘Prachanda’, NC president Sushil Koirala, CPN-UML chairman Jhalanath Khanal, and Madhesi Janaadhikar Forum-Democratic chairman Bijaya Kumar Gachchhadar inked in the six-point deal.

According to the deal, the parties will start political consultations to form a national unity government, the top leaders will meet once a week, the State Restructuring Commission will submit the report within two months, the parties will continuously monitor the implementation of seven-point deal, the Constitutional Committee will submit the calendar of constitution drafting within December 6 and the combatants will be regrouped within December 4.

After the meeting, UCPN-M vice-chairman and Deputy Prime Minister Narayan Kaji Shrestha said that the parties agreed to extend the CA tenure for six months and were ready to intensify talks for a national unity government.

He said that the parties were serious to implement the seven-point deal and inked another six-point accord to implement it.

The parties also reached a consensus to start a weekly meeting of top leaders to analyze the implementation of the seven-point deal, Shrestha said.

NC vice-president Ram Chandra Poudel said that the leaders decided to continue the peace and statute writing processes and extend the CA term for six months.

He said that the newly inked six-point deal would help conclude the peace process within the stipulated deadline.

Madhesi Janaadhikar Forum-Ganatantrik chairman and Minister for Information and Communications JP Gupta said that the parties agreed to conclude the first phase combatants’ regrouping within 4 December.

He said that the leaders also agreed to start a homework to form the national unity government through consensus.

CPN-UML vice-chairman Bam Dev Gautam said that the meeting centered on the direction of the Supreme Court and decided to extend the CA tenure by six months.

NC leader Arjun Narsingh KC said that the parties agreed to continuously analyze and examine the peace and constitution writing processes.

DRI unearths 300 new cases of IC misappropriation


KATHMANDU, Nov 30: The Department of Revenue Investigation (DRI) has unearthed more than 300 new cases of misuse of Indian Currency (IC) by eight Birgunj-based firms.

A team of the DRI and Nepal Rastra Bank (NRB) is looking into suspicious withdrawal of IC from three leading commercial banks by those eight firms over the past four months.

The department had dispatched a team to Birgunj last week to further investigate into IC misappropriation racket. It suspects the involvement of customs officials and staff of the banks in IC misappropriation.

“We have found more than 300 new cases of IC misappropriation by the eight firms. They were found to have withdrawn a large amount of IC from Birgunj-based bank branch of NIC Bank, Siddhartha Bank and Laxmi Bank,” Mohan Bahadur Chand, director of the DRI, said

However, the exact amount misused by those firms is still to be ascertained as investigation officials are busy verifying documents.

“Most of the cases are related to Shyam Galla Bhandar that managed to withdraw IC by producing fake documents of dry fruits and groceries imports from India,” added Chand.

About a couple of weeks ago, DRI had said it was near to completing investigation into the IC misappropriation scam that has inflicted loss worth Rs 2 billion to the national exchequer.

Preliminary investigation has showed that IC worth Rs 900 million has been misappropriated by the Birgunj-based firms alone. A joint team from DRI and NRB has found the involvement of Laxmi Traders, Maha Laxmi Enterprises, Rehan Traders, Shyam Galla Store, GS Traders, Mata Di International, Maxwell Computers and Digital World in IC misuse.

The team has suspected involvement of customs staff, employees of around a dozen banks and the traders in IC misappropriation.

Before this latest revelation, DRI had found that Laxmi Trader, Mahalaxmi Enterprises and Rehan Traders withdrew Rs 20 million from Birgunj branch of Laxmi Bank by showing fake documents of potato imports through Chhatyauli small customs under Krishnanagar Customs Office.

Published on 2011-11-30 00:26:18

ANFA ink deal with Dabur Nepal

By A Staff Reporter

Kathmandu, Nov 29

ANFA and Dabur Nepal signed a deal to sponsor National football team for SAFF Championship for AFC Challenge Cup on Tuesday in Kathmandu.

According to the deal, Dabur Nepal will provide Rs. 10, 00, 000 and football gears to ANFA. The Cup is scheduled to start from March 3-18 in Kathmandu. President of ANFA Ganesh Thapa and Representative of Dabur Nepal Avaya Gorkhali exchanged the MoU in the function.

In the function, the managing director of Dabur Nepal, Rukma shumser Rana handed over the football kits to President Thapa.

President Thapa informed that the flood light at the Dasarath Stadium will be maintained from Wednesday. "The technicians from China already have arrived in Kathmandu and they will put the lights back into form."

Meanwhile, Nepali football team will leave for India on Wednesday to take part in SAFF Championship that starts from December 2 in New Delhi.