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Nepal anti-corruption body investigates IPO commission scandal
KATHMANDU: The Commission for the Investigation of Abuse of Authority (CIAA) has launched an investigation into allegations of intermediaries demanding commissions for Initial Public Offering (IPO) approvals, implicating Nepal Securities Board (SEBON) Chairman Santosh Narayan Shrestha. The probe follows reports that intermediaries, citing Shrestha’s name, demanded 5-7% commissions from...
