During a meeting of the House of Representatives’ Finance Committee, Dr. Prakash Sharan Mahat raised serious concerns over transparency in Nepal’s capital market, questioning NEPSE CEO Chudamani Chaapagain’s leadership and effectiveness.
At Thursday’s session of the Finance Committee under the House of Representatives, former Finance Minister and Nepali Congress spokesperson Dr. Prakash Sharan Mahat expressed strong concerns over the lack of transparency in Nepal’s stock market.
Addressing the committee, Mahat stated that Nepal’s capital market is still dependent on a single stock exchange and has shown little progress in improving transparency. “There have also been reports of insider trading. What has your leadership done to make transactions more transparent?” he asked NEPSE CEO Chudamani Chaapagain.
Chaapagain was appointed as CEO of Nepal Stock Exchange (NEPSE) three months ago. However, Mahat criticized him for failing to bring about visible improvements or present any substantial work progress during his tenure so far.
This article was originally published on https://bajarkochirfar.com
Translated with the help of AI and reviewed by our editorial team.
