The board has suspended the company on charges including not paying the amount of money it had sold shares of Himalayan Reinsurance Company and using the same amount to buy shares of controversial businessman Deepak Bhatt.
We use Google Cloud Translation Services. Google requires we provide the following disclaimer relating to use of this service:
This service may contain translations powered by Google. Google disclaims all warranties related to the translations, expressed or implied, including any warranties of accuracy, reliability, and any implied warranties of merchantability, fitness for a particular purpose, and noninfringement.
The Nepal Securities Board has suspended Broker No. 55, Bhrikuti Stock Broking Company.
The board has suspended the company on charges of not paying the amount of money it had sold shares of Himalayan Reinsurance Company and using the same amount to buy shares from controversial businessman Deepak Bhatt, not following the instructions of the regulatory body, and acting against existing laws.
Along with the suspension of the company, the board has also sought an explanation from the company, according to sources.
