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Finance Ministry seeks clarification from NEPSE, SEBON   

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Finance Ministry seeks clarification from NEPSE, SEBON   
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July 30: The Ministry of Finance has sought clarification from Nepal Stock Exchange (NEPSE) following media reports of share trading manipulation.

The Ministry asked CEO of NEPSE Chandra Singh Saud on Thursday (July 29) to furnish clarification in this regard within three days after his family was reported to have bought the shares of a company that is planning to release its shares to the public.    
The ministry has inquired about the truth regarding the contents disseminated in different media outlets about the inside trading, the state-owned national news agency RSS reported.    
The ministry has also sought similar clarification from the Securities Board of Nepal (SEBON) over the same issue.    
The ministry has sought the clarification from SEBON Chairperson Bhishma Raj Dhungana and his family after media reports that they made 'setting’ (undue agreement) with a company to sell ordinary shares.    
The Financial Sector Management and Corporation Co-ordination Division of the Ministry has asked Dhungana to furnish clarification within three days, effective from Wednesday.    
Stating that the ministry’s attention has been drawn towards the news published on various media regarding the board, the ministry directed Dhungana to submit factual statement regarding the published news within three days.  

 

 

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