SEBON Chairman Santosh Narayan Shrestha Resigns Amid Investigation Concerns

Summary

Santosh Narayan Shrestha, Chairman of SEBON, has resigned amid an investigation into a money laundering case involving businessman Deepak Bhatta.

Key Points
  • Santosh Narayan Shrestha resigned as Chairman of the Securities Board of Nepal (SEBON).
  • He announced his resignation during a SEBON board meeting on Friday.
  • His resignation follows pressure linked to a money laundering investigation involving businessman Deepak Bhatta.
  • The government requested Shrestha to step down to facilitate the ongoing inquiry.
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