CIAA files corruption case against Nepal Reinsurance Company chair Paudel
Summary
The Commission for the Investigation of Abuse of Authority (CIAA) filed a corruption case against Surendra Kumar Paudel, chairman of Nepal Reinsurance Company, accusing him and seven others of embezzling funds at Udayapur Cement Company.
Key Points
- The CIAA filed a corruption case against Surendra Kumar Paudel, chairman of Nepal Reinsurance Company.
- Paudel and seven others are accused of embezzling public funds while at Udayapur Cement Company.
- Paudel was appointed chairman of Nepal Reinsurance Company for a four-year term starting September 5, 2025.
- Investigations revealed discrepancies in clinker consumption indicating misappropriation of 1,129 metric tonnes.
