Seventak Pokharel, Joint Secretary at the Ministry of Finance, was sworn in today as the new Chairman of the Nepal Insurance Authority’s Board of Directors. The oath-taking ceremony was conducted before Deputy Prime Minister and Finance Minister Bishnu Prasad Paudel.
This appointment follows the suspension of former Chairman Sharad Ojha. On Monday, the Cabinet decided to suspend Ojha amid allegations of appointment based on forged documents and formed an investigation committee to look into the matter. Consequently, Ojha was automatically suspended under Section 12(3) of the Insurance Act 2079.
The Cabinet established a three-member inquiry committee led by former High Court Justice Krishna Giri. The other members of the committee are Jeevan Prakash Sitoula and Kapildev Oli. All three members have assumed responsibility for the investigation.
Until further notice, the Cabinet has assigned Pokharel to act as the Chairman of the Insurance Authority’s Board of Directors.
This article was originally published on https://bajarkochirfar.com. Translated with the help of AI and reviewed by our editorial team.
