Market Watch
IDBL refutes charges
Published by Octron on January 28, 2010
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The executive board of Infrastructure Development Bank Limited has denied the involvement of its managing director in any wrongdoing. Issuing a press statement, the bank claimed that neither the bank had disbursed loans to any imaginary project nor had it employed any imaginary persons. It also claimed that was abiding all rules and directives of Nepal Rastra Bank (NRB).
NRB had filed fraud charges [read detials]with Nepal Police against the chiefs of Public Development Bank and Infrastructure Development Bank on Tuesday.
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