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Differences within the board over the suspension of Prabhu’s CEO, one of the directors argues that the law should be followed, the chairman says ‘the NRB should be consulted’

Artha Sarokar

Kathmandu. Prabhu has been arrested by the court against Suman Sharma, CEO of the bank, a warrant of arrest has been issued under the same{{}} and a criminal case of fraud and breach of trust has been registered against him and of the bank Employees Bylaw has been issued in this case TAG_OPEN_span_. 81} Any employee of the Bank shall be automatically suspended on the Board of the Bank {{} or any other CEO TAG_CLOSE_ span_75} Talk has been raised about bringing it immediately. A member of the {{} of the bank Director of the bank of the bank has already granted arrest permission to the bank and in the same process a proposal was made to bring another CEO {{TAG_OPEN_ span_68}Confirmation

According to the members of the Directors Committee, the Board has discussed the situation in for some days. CEO is preparing to face the court on Monday and if the bail is opened, will be preceded by the precedent of Nepal Investment Mega Bank and CEO and In this regard, the issue of as the bank was also positive in this regard, so the issue of {{} in accordance with the same was raised in the board.

He was jailed for and for some time The board discussed the preparations to make Ram Rimal acting CEO. However, there was a discussion about not making Ram Rimal the CEO and bringing in and from outside.

https://arthasarokar. com/2026/10/prabhu-bank-ceo-sharma-has-been-arrested-for-4-days-in-birgunj. html

The two directors also took the name of Janak Sharma Poudel and the of the directors claimed {{}. “Two people raised the issue that Janak Sharma Poudel should be brought in. It was also raised that Rabindra Dhakal could coordinate within the bank. However, instead of getting there now, the board concluded that the emphasis should be on how to return Suman Sharma from Safeland to bank.

According to the of the director, the Rashtra CEO should not be arrested in such cases. He claims that the Rashtra Bank will protect the CEOs in such cases, claiming that its jurisdiction has been violated.

https://arthasarokar. com/2026/10/a-criminal-case-was-filed-against-the-ceo-of-prabhu-bank-on-september-17-the-ceo-who-should-have-been-suspended-from-september-17-will-be-in-work-till-september-13. html

Some Operator’s argument – ‘How to violate approved employee bylaws?’

In this way, the provision in the Employee Bylaws was also raised in the board meeting. In a criminal case,if a case is registered against any employee, then the employee will automatically be suspended until the case is finalized. If there is no separate bye-law for the CEO, then the law should be followed, how can it be violated? Later, a director raised the issue of that there would be another problem. However, the chairman argued that the matter should be moved forward only after consulting the Rastra Bank. The director said .

Bank’s Readymade Reply – ‘No I Don’t Know’

On the other hand, Rabindra Dhakal, the information officer of the bank, argued that he was not aware of the even when there was a discussion about bringing a new CEO in the bank, was issued against the CEO of and {{}. Claiming that he did not know about the CEO, who left Kathmandu after the arrest warrant was issued against the CEO, Dhakal said, “He was on regular work in the office till the 13th. Now he is on force leave.”Sharma is currently hiding in Parsa. He is scheduled to face the court on Monday.

https://arthasarokar. com/2026/10/the-ceo-of-prabhu-bank-had-sent-an-email-to-the-hr-of-the-bank-asking-him-to-appear-in-court-by-emailing-him-to-force-leave. html

https://arthasarokar. com/2026/10/prabhu-bank-ceo-absconding-after-arrest-warrant-issued. html

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