Kathmandu. There is a saying in Nepali, ‘Sin cries out from the axis’. This time, the Securities Board of India’s investigation report has revealed the sins of Deepak Bhatta, who considers himself the ‘mastermind’ of the business empire from the government. There was talk in the market that a character who could wield and overthrow the government if he wanted. It may be hard for many to believe. However, it is unlikely that Bhatta’s house has not reached with a lot of money for government and political appointments. And Bhatta, who had built an empire of crime with the same power and arrogance, has been ‘exposed’ today.

While protecting, concealing, hiding, the web of criminal activities woven by Bhatta is being unraveled one by one. Bhatta’s image has not been so good in the past. He was controversial yesterday as well. But who will touch Bhatta, who boasts that ‘I formed the government’? So much so that during the tenure of the then government, those who held various appointments used to get appointment with the blessings of Bhatta. He had a good rapport with the top leaders of UML, Congress and Maoist Centre. Deepak Bhatta was the first to be appointed to the regulatory bodies like Nepal Rastra Bank, Securities Board of Nepal (SEBON), Nepal Stock Exchange (NEPSE) and Nepal Insurance Authority. Those who were appointed because of Bhatta, who was called a middleman, could not take action against the same Bhatta. And so far he had been saved. However, after Balendra Shah (Balen), who does not like middlemen and viruses like Bhatta, became the Prime Minister.

It has been revealed that Bhatta, who is involved in ‘mafiagiri’ from inside, has been involved in serious crimes like ‘insider trading’. According to a letter from the Department of Money Laundering and Money Laundering, an investigation conducted by the Securities Board of Nepal (SEBON) revealed that Bhatta was involved in insider trading. The investigation has concluded that Bhatta, the director of Infinity Holdings, was involved in insider trading in the stock market in collusion with Bhrikuti Stock Broker (Broker No. 55). Investigators Sulav Agrawal, Raj Bahadur Shah, Rishiraj Mor and Shekhar Golchha were also involved in the scam.

‘Insider trading’ is the cancer of the stock market. Looks fine on the outside, hollows out the bones, flesh, mind, and brain inside. And Bhatt, who was living with the same cancer, is suffering himself today. In the meantime, let’s just guess how many people Bhatt has taken to the road, how many houses have been destroyed, how many have been depressed or how many have been forced to die. However, we claim that hundreds of citizens have been forced to leave the country not only in the stock market but also because of a virus like Bhatta.

Not only this, it has also been revealed that he bought shares worth Rs 3.80 billion on credit in collusion with broker number 55. It is seen that Bhatta and others have bought shares worth about Rs 3.80 billion between July 19, 2002 and March 15, 2002. Out of this, he has sold shares worth Rs 93 crore. However, the investigation report states that Bhatta did not pay any amount to the broker at that time. According to the Board’s research report, Deepak Bhatta, the highest loan entrepreneur, has Rs 2.73 billion. Similarly, Bhatta’s partner Raj Bahadur Shah is also due to pay Rs 89.70 crore.

On the other hand, Subi Agrawal and Rishiraj Mor have Rs 62.89 crore and Rs 23.01 crore respectively. 55 is yet to be paid. On the other hand, Rs 22 lakh was borrowed in the name of Himalaya Investment Banker Limited. On the other hand, the investigation has also revealed that artificial demand was created in the market in collusion between Bhatt and brokers. Bhatta has forwarded the scheme in coordination with Infinity Holdings, Himalayan Re-Insurance, Himalayan Capserv and Nepal Micro Insurance Company. Bhatta has also used some other financial institutions, funds and personal money in this act.

Bhatta is not the only culprit who has borrowed billions of rupees here, but the broker No. 55. That is, the stock broker is equally guilty. What is it if it is not a crime for a broker who has been defaulting on ordinary investors from 24 to 25 hours? Is the stock market and brokers only for middlemen? Or are there separate rules for intermediaries and ordinary investors in the stock market? If not, then it is necessary to take action against those who kill ordinary investors and nurture middlemen. Otherwise, viruses like Bhatt will have plenty of room to spread.

On the other hand, the investigation report of the board has concluded that Bhatta and others increased the value of Nepal Re-Insurance from Rs 1,461 to Rs 1,886 without buying or selling shares. Similarly, Bhatta bought the bonds from Himalayan Reinsurance for Rs 1,080 and traded with his subsidiaries Guardian Micro Life and Crest Micro Life at Rs 1,185, according to the investigation. The board has claimed that Bhatta and others have committed the offence as per Sections 96 and 98 of the Securities Act, 2063 (creating confusion in the market, increasing artificial price and deceiving investors).

How does the market go up when such viruses are in the market day and night? And that’s it! As soon as the market falls, the organizations that become the messiah of some investors go to Singha Durbar, blaming the government. However, not a word comes out of their mouths about the termites that hollow the market from within. After saying this, ‘You know’, they will come again to cry in the comments. It doesn’t matter to us. We must say that the market belongs to everyone, as long as such termites and viruses are in the market, even if such policies come and go, it is the pain that the common investor has to suffer. Therefore, this matter should be investigated more seriously and action should be taken against the culprits. (Video)

https://www. youtube. com/watch? v=Ns6LVF62dL8&t