Nepal, Oct. 10 -- Nepal ranks 108th out of 180 countries on Transparency International's Corruption Perceptions Index (2024). It mirrors how pervasive is corruption and how it manifests in multiple forms. Corruption undermines governance, distorts public policy, erodes institutional legitimacy and degenerates society.

In Nepal, corruption is largely equated with bribery or embezzlement. Even the educated synonymise corruption with financial misconduct. Bribery has become so entrenched that it overshadows other forms of corruption. This article focuses on financial irregularities.

The new government-formed in the aftermath of the September 8-9 Gen Z revolt-should immediately restructure the Commission for the Investigation of Abuse of Au...