Former Nepal Bank Chair & 4 Others Charged in NPR 1.9M Corruption Case

9th June 2025, Kathmandu

The Commission for the Investigation of Abuse of Authority (CIAA) has officially lodged a corruption case at the Special Court against former Chairman of Nepal Bank Limited, Chandra Bahadur Adhikari, alongside four other individuals, following a comprehensive investigation into alleged illicit financial dealings related to a loan acquisition process.

Former Nepal Bank Chair

The case implicates Chandra Bahadur Adhikari, also known as “Lucky” Khus Nasib Ansari, Amrit Bhusal, Ankit Bhusal, and Bal Krishna Bhusal. The charges stem from their involvement in the loan application process for the “Radisson Project” under Bhusal Hospitality, located in Belahiya, Siddharthanagar-1, Rupandehi. Bhusal Hospitality had sought a loan amounting to NPR 1.77 billion from Nepal Bank Limited’s head office.

Investigations by the CIAA revealed that Bal Krishna Bhusal, Chairman of Bhusal Hospitality, and his son and shareholder Ankit Bhusal initiated contact with then-chairman Chandra Bahadur Adhikari to facilitate the loan approval. Evidence uncovered by the CIAA, including extensive communication through WhatsApp and multiple meetings, indicates a direct solicitation of funds.

Specifically, on Bhadra 30, 2081 (September 15, 2024), Chandra Bahadur Adhikari allegedly demanded money from Ankit Bhusal in exchange for expediting the loan process. Subsequent to this request, Bal Krishna Bhusal issued a cheque from Prime Bank. Chandra Bahadur Adhikari then allegedly transferred NPR 700,000 from this cheque to “Lucky” Khus Nasib Ansari, who in turn passed it to Rakesh Thapa, leading to the amount being cashed.

Furthermore, the CIAA’s findings indicate that Chandra Bahadur Adhikari received an additional NPR 1.2 million through Ananya Enterprises, an entity registered under Sharada Gupta. Ankit Bhusal reportedly deposited this sum into Ananya Enterprises’ account at the behest of his father. This amount was subsequently collected by Sharada and Rinku Gupta, utilized for purchasing goods, and then delivered to Lucky Khan, who ultimately handed over the total sum of NPR 1.9 million to Chandra Bahadur Adhikari.

Crucial evidence supporting these allegations, including cheque details, records of fund transfers, and other pertinent documents, was recovered from Chandra Bahadur Adhikari’s residence on Magh 23, 2081 (February 6, 2025). These findings corroborated the details of the alleged bribe transaction.

Based on the compelling evidence collected throughout the investigation, the CIAA has formally filed a corruption case against all five individuals involved, seeking appropriate legal action.

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