Commission faces daunting task amid rising cases of usury
Nepal, March 13 -- A high-level commission to be formed by the government to address the concerns of loan sharking victims would face a herculean task in investigating all the cases within three months, a former chief of a similar commission said.
On Monday, the government and the protesting victims signed an agreement under which the government has pledged to set up the commission, which would collect evidence of loan sharking and recommend scrapping of fake loan documents and legal action against those involved in unscrupulous lending.
The three-member commission will be mandated to investigate issues such as whether the victims were forced to sign any documents that stated false amounts; whether the amounts were inflated; whether the...
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