NEPALGUNJ, AUG 07 -
Nepal Rastra Bank (NRB) has found illegal transaction of Indian currency is being carried out from the Gularia branch of Rastriya Banijya Bank (RBB).

NRB’s Nepalgunj branch’s sudden inspection of the Gularia branch revealed this. A team led by NRB’s Nepalgunj branch manager Bhuban Basnet reached the Gularia branch after getting information that around Rs 10 million had been swindled. The team seized banned denominations of Indian currency from the bank.

“We’ve sealed the banned denominations of Indian currency,” said Basnet. “Seizure of banned denominations of Indian currency from the bank reveals illegal transaction of Indian currency.” The NRB team found Indian currency notes of Rs 500 denomination worth IRs 50,000 in the bank. The central bank has banned the transaction of Indian currency of Rs 1000 and Rs 500 denominations since the last 20 years. According to central bank officials at Nepalgunj, the Gularia branch of RBB is involved in illegal transaction of banned denominations of Indian currency for a long time.

According to NRB officials, branch manager Anil Kumar Malla, accountant Subil Rai and cashier Prem Bahadur Sodari are involved in the illegal transaction. Navaraj Bhatta, chief of RBB’s regional office at Nepalgunj, might also be involved in this racket. “Apathy shown by RBB’s regional chief despite illegal transaction of banned denominations of Indian currency over the last one year indicates Bhatta’s involvement,” said NRB officials.

 

Posted on: 2010-08-08 07:38

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