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Serious Objection To Donation Terror, And Assault On Banker

Issue 02, January 13, 2013

By KTM Metro Reporter

January 8, 2013: at the news conference held today, the Federation of Nepal Chambers of Commerce and Industry (FNCCI) has pointed out the serious objection to the 'donation terror', and expressed serious concern over the incidents of attacks on business entrepreneurs during the last few days, according to the RSS news posted on thehimalayantimes.com of today.

Speaking at the news conference, President of FNCCI Suraj Baidhya condemned the life-threatening attack on Chairman of Nepal Bankers' Association Rajan Singh Bhandari. A group of masked gang attacked Chairman of Nepal Bankers Association (NBA) and chief executive of Citizens Bank International Rajan Singh Bhandari at Bhaisepati in Lalitpur yesterday evening while he was on his way home after work. The gangsters had even attempted to set fire on his vehicle while he was still in it.

President of FNCCI Suraj Baidhya also said that the FNCCI received complaints of many industrialists and businessmen that the political cadres asked them for certain amounts of money in donation. He also pointed out the serious damage to the office of Nepal Derivative Exchange (NDEX) perpetrated by the political cadres. The damage is of tens of thousands of rupees.

"We prefer the right of an individual to carry out their business without any hindrance as per the law of the land and are against impunity," said Biadhya. He stressed the need for enacting new laws to check the coercive donations and said, "Donation is voluntary, it should not be coercive." The FNCCI president said that recently all the political parties have intensified the donation-collection drive terrorizing the business and industrial community.

According to the FNCCI, about 500 industries have been shut down due to the donation threat, load-shedding (power outage) and labor problems reducing the contribution of the industrial sector from 11% to 6% to the Gross Domestic Product (GDP) of the country, writes nepalnews.com.

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