NRB Governor Adhikari suspended

Kathmandu / April 8: The government has suspended Governor of Nepal Rastra Bank (NRB) Mahaprasad Adhikari.

Sources at the Ministry of Finance said Deputy Governor Dr Neelam Dhungana Timalsina has been given the responsibility of Acting Governor of the country’s central bank.

It is not immediately clear why the government decided to suspend him. Governor Adhikari has been accused of making public confidential information to media.

It may be noted that Finance Minister Janardan Sharma and Governor Adhikari did not have good relations in recent months, according to sources.

Earlier on Friday, Finance Minister Sharma had publicly alleged that a member of the Board of Directors of NRB had bargained for the release of millions of US dollars from the account of Prithvi Bahadur Shah of Achham. This came after media reports that Finance Minister Sharma had exerted undue pressure on the NRB to release the amount.

Speaking at a program on ‘National Conference on Economics and Finance’ organized by NRB, Minister Sharma also accused high-ranking officials of the NRB of leaking confidential information to the media.