Former Nepali Governor charged with corruption over note printing in Australia

The Commission for the Investigation of Abuse of Authority (CIAA) has filed a graft case against the former governor of the Central Bank of Nepal (Nepal Rastra Bank), Tilak Rawal at Special Court for his alleged involvement in corruption while printing Rs 10 polymer notes 16 years ago.

Nepali Currency

Source: Getty

CIAAA had filed the case against Rawal and two others for their alleged role in awarding the contract of printing Rs10 notes to Note Printing Australia (NPA) Limited.

Upendra Keshari Poudel, the then chief of Note Department of Nepal Rastra Bank and Himalaya Bahadur Pande the local representative of Mayflower Limited have also been charged by the CIAA.

According to CIAA spokesperson Rameshwor Dangal, CIAA had been probing into this case since 2009. ''We have found a nexus between the printing company and the Nepali officials, especially during the bidding process," said Dangal.
It has sought recovery of Rs 9.1 million each from Rawal, Poudel and Pande.
''We have accused the three of embezzlement of Rs9.1 million each and using low-quality while printing 50 million polymer notes of Rs 10. They have been accused of leaking the official decision and receiving the draft of the contract from NPA before calling the tender, '' added Dangal.

The polymer notes were first printed because they were thought to be more durable than the paper notes. However, the Central Bank has stopped printing polymer notes due to its inferior quality.

 Australian Central Bank had carried out an investigation on this matter around seven years ago and concluded that NPA had offered a bribe to the Nepali Officials.  


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2 min read
Published 23 December 2018 4:59am
Updated 24 December 2018 12:22pm
By Pratichya Dulal
Presented by SBS Nepali
Source: SBS


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