Seven CEOs Suspended Due to Deepak Bhatta Case
Summary
Seven CEOs from reinsurance and micro-insurance companies in Nepal have been suspended in connection with a money laundering case involving Deepak Bhatta. The suspension includes former leadership of the Insurance Authority as well.
Key Points
- Seven CEOs of financial sector companies have been suspended due to a money laundering case linked to Deepak Bhatta.
- The suspended CEOs include Surendra Thapa and Upasana Poudel of reinsurance companies and five micro-insurance company CEOs.
- Former Chairman of the Insurance Authority Madan Dahal and another former Chairman Sharad Ojha are also implicated and suspended.
- Suspended individuals will remain out of their posts until the court reaches a final decision.
