Sun Nepal Life CEO Raj Kumar Aryal Resumes Regular Duties After CIB Clearance
Summary
Sun Nepal Life Insurance CEO Raj Kumar Aryal has returned to work after the Central Investigation Bureau cleared him following a four-month investigation into alleged irregularities in employee-reserved IPO shares. The probe found no wrongdoing, and acting CEO Kabi Phuyal had been running the company in Aryal’s absence.
Key Points
- Raj Kumar Aryal has resumed his regular duties as CEO of Sun Nepal Life Insurance after receiving clearance from Nepal Police’s Central Investigation Bureau.
- Aryal had been arrested in connection with allegations of irregularities in the allocation of employee-reserved IPO shares.
- The CIB reportedly found no wrongdoing in the investigation, leading to his return to office.
- Kabi Phuyal served as acting CEO during Aryal’s absence.
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