KATHMANDU, May 19: Nepal’s Property Investigation Commission (PIC) has directed both current and retired officials of Nepal Rastra Bank (NRB) to mandatorily submit detailed property declarations as part of efforts to strengthen transparency and financial accountability.
The directive applies to the central bank’s governor, board officials, deputy governors, executive directors, and first-class officers or equivalent-ranking employees and above. Former officials and retired employees falling under those categories are also required to disclose their assets.
NVC requests public officials and employees to submit property...
According to the PIC, the measure is aimed at improving governance in the financial sector and controlling illicit wealth accumulation by ensuring transparency in the income and assets of public officials.
The NRB has informed concerned officials about the implementation process following the commission’s notice.
The mandatory disclosure form requires detailed information on personal and family assets, movable and immovable property, bank deposits, share investments, foreign income, remittances, loans, and other financial transactions.
The PIC has warned that failure to submit asset details, or providing false information, could lead to legal action under existing laws.
