Nepal, June 9 -- The Commission for the Investigation of Abuse of Authority (CIAA) has filed a corruption case against five individuals, including the former chairman of Nepal Bank Limited, Dr Chandra Bahadur Adhikari, for allegedly accepting a bribe of Rs 1.9 million to facilitate the approval of a commercial loan worth Rs 1.75 billion by involving an Indian national as a middleman.

According to the charge sheet filed Monday at the Special Court in Kathmandu, Dr Adhikari promised to assist in the loan process for a hotel project in Rupandehi and demanded a bribe from the businessman.

The loan process was underway for Rs 1.77 billion from Nepal Bank for the Radisson Hotel project to be operated by 'Bhusal Hospitality' in Siddharthanagar...