EPF Chief Administrator Tulasi Prasad Gautam sacked

KATHMANDU: Employees Provident Fund Chief Administrator Tulasi Prasad Gautam, who has been accused of influencing the big merger between Himalayan Bank and Nepal Investment Bank and raising funds in the name of senior leaders, has been removed from his post on Sunday.

Gautam, who was removed as per the law one and a half years ago, was holding the post of Chairman of the Himalayan Bank.

He also tried to pile pressure on Minister for Finance Janardan Sharma through Prime Minister Sher Bahadur Deuba and CPN-Maoist Centre Chairman Pushpa Kamal Dahal.

A Cabinet meeting held recently had urged Gautam to put in his papers saying there is a legal provision that one should be the staffer of the Employees Provident Fund to be the administrator of the office. But, according to a source, Gautam has been lobbying through Prime Minister Deuba and Maoist Centre Chairman Dahal not to implement the recent decision of the Cabinet.

Following the Cabinet decision, neither he showed up at the office nor he has informed anyone about his removal.

Gautam, however, has been trying to retain his post until the merger between the Himalayan Bank and Nepal Investment Bank.

He became the Chairman of the Himalayan Bank representing the Employees Provident Fund. So, he will automatically lose the post of Chairman after he was removed from the Employees Provident Fund.

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