Sherchan Remains in Race for Governor Despite CIB Probe Over Multi-Billion Loan Misuse

Banking News – Ashok Sherchan, currently under investigation by the Central Investigation Bureau (CIB) for alleged misappropriation of loans worth billions of rupees, has not withdrawn from the race to become the next Governor of Nepal Rastra Bank (NRB). CIB initiated the investigation after uncovering alleged misuse of loans, facilitated by Sherchan through political influence…