Securities Board’s 4 Decisions on Ghorahi Cement’s IPO Lead to Nepal Police Investigation.


The Securities Board of Nepal (SEBON) has taken several decisions regarding the public issue of Ghorahi Cement Industry Limited based on the findings of an investigation committee. It has been observed that certain investors applied for a significant number of shares without having sufficient funds in their bank accounts. These applicants, who are unrelated to the company’s directors, employees, or issuing entities, intended to deceive the general public. In light of this, SEBON will recommend an investigation into the fraudulent activities by the Nepal Police.

 

 

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