AGP Executive Report
Last update: 2 hours agoBanking Shock in Court: Nepal Investment Mega Bank CEO Jyoti Prakash Pandey was arrested over the Smart Telecom asset auction case, sparking panic across the sector over whether banks can still auction pledged collateral after legal loan-recovery steps. Supreme Court Twist: The Supreme Court ordered Pandey’s release on personal recognizance, while allowing the probe to continue and requiring court permission for foreign travel. Political Pressure for Accountability: Nepali Congress leader Bishmaraj Angdembe demanded an impartial probe into former Home Minister Sudan Gurung, warning against any “exoneration” through the government-formed committee. Audit Alarm: Auditor General Toyam Raya submitted the 63rd annual report to President Ram Chandra Paudel, flagging worsening irregularities and arrears, including unused medical equipment in hospitals. Governance & Economy: Ministry restructuring drew criticism from former bureaucrats; NRB plans to withdraw Rs 45 billion liquidity; and NEPSE rose modestly by 1.77 points. Transport & Aviation: Government appointed five NAC board members, and a 400kV transmission line project resumed after local dispute resolution.
Note: AI summary from news headlines; neutral sources weighted more to help reduce bias in the result.
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