The government has constituted a committee to investigate the documents, qualifications and working style submitted by Insurance Authority Chairman Sharad Ojha when he was appointed. With the formation of the committee, Ojha has been suspended.

The Cabinet meeting held on Monday formed a three-member committee chaired by former judge Krishna Gari. Kapil Wali and Jeevan Prakash Sitaula are members of the committee. According to the provisions of Section 12 of the Insurance Act, the government has constituted an inquiry committee. "If the government of Nepal should dismiss the chairman or member, he can dismiss the chairman on the recommendation of a three-member investigation committee consisting of a retired high court judge and two people with at least 10 years of experience in the insurance or financial sector," said section 12 of the Act.

It is said in that section, "After the formation of the investigation committee, such a person will be automatically suspended until the end of the investigation period." The term of the committee is maximum three months in the law.

Ojha was appointed as the chairman of the authority for 4 years from the cabinet meeting on 12 February 2081. After Ojha's qualification and experience documents were found to be questionable, the Commission for Investigation of Abuse of Authority started an investigation from last May. The Authority has already withdrawn the documents from the Ministry of Finance saying that the appointment was made on the basis of the documents submitted by Ojha without double examination.

A petition was also filed in the Supreme Court on March 17 against the Prime Minister and Cabinet Office, the Ministry of Finance, the Recommendation Committee and Ojha, claiming that Ojha's appointment was illegal. Three days after that, on 20 Chait, the bench of Judge Nahkul Subedi issued a show cause order in the name of the government and called both parties for discussion. Last time on 5th June 2082, the bench of Chief Justice Prakashmansingh Raut and Justice Nityanand Pandey ordered Ojha to submit the documents related to the basis for his appointment as the President.

A complaint was also filed against Ojha's appointment in the authority. After seeing the quality of the documents submitted by Ojha in the initial investigation, the authority started a detailed investigation. About the validity of the documents submitted by Ojha stating that he has worked in various offices and companies, the Authority has already sent a letter to the concerned office-company asking them not to disclose this. Officials of the authority have said that details are being received from the relevant office-companies regarding the letter being sent and a detailed investigation is being conducted.

Ojha also works as a local agent of foreign companies that purchase strategic and security materials, Senior Manager at Trinity Exim Pvt. Ltd. from 18 October 2019 to 16 November 2021, 'Part-time' consultant at the Investment Board under the Government of Nepal from 15 January 2024 to 23 May 2024, as a policy expert at the Confederation of Nepal Industry (CNI) from 11 May 2024, as a policy expert at the Federation of Nepal Industry and Commerce. are. 

It seems that Ojha has submitted a document with the experience of teaching in the resource faculty of Nepal Academy of Tourism and Hotel Management (Natham College) from January 2017 to the time of his appointment (2025) and in SAIM College from December 2022 to 2024.

He has also submitted documents of experience as senior manager in Chanakya Media Pvt Ltd from 16 December 2021 to 22 January 2025. Similarly, from 27 Baisakh 2080 till the time of his appointment, he was a press representative from the Information and Broadcasting Department and also worked in Deshsanchar media from 17 November 2017 to 16 August 2018.

Ojha has also submitted a certificate that he worked as a manager from January 1, 2073 to October 2074 and as a management officer from November 1, 2070 to October 2072 in the administrative media.

Ojha has also submitted his teaching experience at Rajdhani College from 2018 to 27 December 2024, at Apex College from January 2017 to 23 September 2024 and at Imperial College from April 2018 to September 2024 as part of the eligibility documents for the authority chairman.

It is mentioned in the complaint filed with the authority that the documents submitted by Ojha were not double-checked, his experience was not related to insurance and the verification of those documents was also done by a one-member committee.

In Section 8 of the Insurance Act, 2079, the qualifications for the chairman or member of the insurance authority have been determined, including at least 5 years of high managerial work experience in the relevant field with at least a master's degree in insurance, monetary, banking, finance, commerce, management, public administration, statistics, mathematics or law. But a complaint has been filed in the authority and a writ has been filed in the court with the claim that Ojha was appointed as the president against the law.

The Abuse of Authority Investigation Commission filed a corruption case against Authority Chairman Surya Prasad Silwal, who was also the former Home Secretary, in a special court on 24 November 2081 on the charge of illegally correcting the date of birth in the citizenship, carmating and cheating to correct the date of birth in the citizenship and passport and taking advantage of the government service based on that. He was suspended after the