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Chaudhary Group’s insurance fraud exposed: Supreme Court orders Rs 40 million repayment after decade-long scandal

KATHMANDU: Nepal’s Supreme Court has delivered a damning verdict against CG Electronics, a subsidiary of the powerful Chaudhary Group, ordering the company to repay NPR 40 million (approximately $300,000 USD) to United Ajod Insurance for orchestrating a fraudulent insurance claim tied to a 2012 warehouse fire. The ruling, handed...

Chaudhary Group’s insurance fraud exposed: Supreme Court orders Rs 40 million repayment after decade-long scandal
AmCham Nepal hosts training series with ADB and World Bank to boost economic growth and investment

AmCham Nepal hosts training series with ADB and World Bank to boost economic growth and investment

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NRB bans multiple cards of same type from single account in new payment system directive

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Finance Minister vows to remove Nepal from FATF grey list in parliament address

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NRB initiates draft legislation for asset management company to address non-performing loans

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Nepal commits to seven reforms after being placed on FATF’s grey list

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Nepal faces global scrutiny: FATF places nation on Grey List over money laundering concerns

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Nigeria sues Binance for $81.5 bn over alleged economic losses and unpaid taxes

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Commercial banks expand loans by 5.62pc in seven months of current FY

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Interest rate cuts halted amid rising loan demand and liquidity adjustments

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Interest rate reduction halted; 18 banks maintain stable rates in Falgun

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