Ruling CPN has agreed to not proceed with the bill about expanding jurisdiction of the Commission for Investigation of Abuse of Authority (CIAA) for now.
CPN Spokesperson Narayan Kaji Shrestha during the standing committee meeting at Baluwatar Wednesday demanded that the issue also be included in the meeting's agenda pointing that the bill that allows the CIAA to investigate corruption in the private sector including banks has been widely criticized.
Prime Minister (PM) and CPN Chairman KP Sharma Oli and fellow Chairman Pushpa Kamal Dahal in response assured that the bill will not be moved forward for now. "They assured that the bill will not be moved forward immediately and will be broadly discussed," Shrestha told Setopati.
The issue was not included in the meeting's agenda after the two chairmen assured it will not be moved forward immediately.
The Legislative Management Committee of National Assembly has unanimously passed the amendment bill about expanding jurisdiction of the CIAA.
The bill for amendment of CIAA Act proposes that the CIAA can monitor the private sector and the banking sector inviting widespread criticism from the private sector and entrepreneurs. They have been protesting against expansion of jurisdiction of the CIAA pointing that bodies like Department of Revenue Investigation and the Department of Money Laundering Investigation are already in place to investigate the private sector.
The bill includes even banks, educational institutions, insurance companies and medical colleges in its definition of public institutions.
The bill also paves the way for CIAA investigation on any publicly listed company after the government issues notice in the Nepal Gazette.
Published Date: Wednesday, Ashar 10, 2077, 18:08:00