Seven CEOs Suspended Due to Deepak Bhatta Case

Kathmandu. Seven Chief Executive Officers (CEOs) from the financial sector have been suspended due to a case related to Deepak Bhatta. The CEOs of two reinsurance companies and micro-insurance companies have been suspended due to the money laundering case filed by the Department of Investigation of Money Laundering in the Special Court on Thursday. Besides this, former leadership of the Insurance Authority is also involved. Among those suspended are the CEOs of two reinsurance companies and 5 micro-insurance companies. Nepal Re-insurance CEO Surendra Thapa, Himalayan Re-insurance CEO Upasana Poudel have been suspended after a case was filed against them. Similarly, Liberty Micro Life CEO Ramkumar Yadav and Crest Micro CEO Pratabman Shrestha are also included. Protective Micro Insurance CEO Naresh Kumar Roka, Guardian Micro Life CEO Chirayu Bhandari and Nepal Micro Insurance CEO Mrigendranath Rimal are also in this list. They will not be able to return to their posts until the final decision of the case is made. Similarly, former Chairman of the Insurance Authority, Joint Secretary Madan Dahal, has also been suspended, and a case has also been filed against another former Chairman, Sharad Ojha. Currently, if a person holding any public office is charged with a criminal offense, there is a provision for that person to be suspended from their post until the case is decided.