Investors protesting in front of NEPSE building arrested


March 17, 2023


Investors protesting in front of NEPSE building arrested

Investors protesting in front of NEPSE office. (File photo)

KATHMANDU: Police have arrested investors who went to the Bhadrakali-based Nepal Stock Exchange (NEPSE) office to stage sit-in protest on Friday.

A group of investors came to the NEPSE building for picketing, demanding implementation of the recommendation report on the capital market prepared by the task force coordinated by Shivaraj Shrestha, erstwhile deputy governor of the Nepal Rastra Bank.

According to Deependra Shrestha, Police Inspector at the Police Circle, Anamnagar, they held three investors who staged a sit-in protest in the prohibited area of the NEPSE building.

The arrested ones were Tilak Koirala, Nayan Bastola, and Arjun Koirala.

Although NEPSE’s company secretary Murahari Parajuli urged the protesting investors to attend a discussion meeting with him and other NEPSE authorities, the investors insisted that they will only talk with the NEPSE Chairperson and continued with their sit-in protest in the restricted area.

Arrested investor Koirala narrated that they were in the NEPSE building to demand implementation of the 58-point recommendation furnished by the report in the letter.

He further said they had convened to pile pressure on the concerned authorities for the report’s recommendation.

The report was prepared some five years ago and it recommended the government policy reforms and structural reforms needed to end volatility in the capital market and reform the financial sector.