{"id":1930,"date":"2026-05-08T02:27:03","date_gmt":"2026-05-08T02:27:03","guid":{"rendered":"https:\/\/english.bankingkhabar.com\/?p=1930"},"modified":"2026-05-08T02:36:33","modified_gmt":"2026-05-08T02:36:33","slug":"new-twist-in-the-city-hotel-case-cib-sends-letter-to-sebon","status":"publish","type":"post","link":"https:\/\/english.bankingkhabar.com\/?p=1930","title":{"rendered":"New Twist in the City Hotel Case: CIB Sends Letter to SEBON"},"content":{"rendered":"<p style=\"text-align: justify;\"><strong><a href=\"https:\/\/english.bankingkhabar.com\/?attachment_id=1931\" rel=\"attachment wp-att-1931\"><img loading=\"lazy\" decoding=\"async\" class=\"alignnone size-full wp-image-1931\" src=\"https:\/\/english.bankingkhabar.com\/wp-content\/uploads\/2026\/05\/11.jpg\" alt=\"\" width=\"1007\" height=\"570\" srcset=\"https:\/\/english.bankingkhabar.com\/wp-content\/uploads\/2026\/05\/11.jpg 1007w, https:\/\/english.bankingkhabar.com\/wp-content\/uploads\/2026\/05\/11-300x170.jpg 300w, https:\/\/english.bankingkhabar.com\/wp-content\/uploads\/2026\/05\/11-768x435.jpg 768w\" sizes=\"auto, (max-width: 1007px) 100vw, 1007px\" \/><\/a>Banking Khabar \/<\/strong> The controversial capital market case involving <a href=\"https:\/\/golyan.com.np\/?utm_source=chatgpt.com\">Golyan Group<\/a>-backed City Hotel Limited share controversy has taken a new turn, with Nepal\u2019s securities regulator now formally drawn into the investigation.<\/p>\n<p style=\"text-align: justify;\">Sources say Nepal Police\u2019s Central Investigation Bureau (CIB), which is probing suspected irregularities in the trading of promoter shares linked to City Hotel Limited, has written to the Securities Board of Nepal (SEBON) seeking an official investigation and opinion on the matter.<\/p>\n<p style=\"text-align: justify;\">CIB spokesperson Shiv Kumar Shrestha confirmed that the bureau sent the letter after receiving preliminary details from CDS and Clearing Limited. He said the move aims to take the issue into a more formal and detailed stage of investigation.<\/p>\n<p style=\"text-align: justify;\">Under Nepal\u2019s securities laws, SEBON is responsible for carrying out the initial investigation into suspicious activities in the capital market. If serious irregularities are found, the board can then recommend further legal or criminal investigation by the CIB.<\/p>\n<p style=\"text-align: justify;\">Officials believe the latest step is intended to include SEBON\u2019s formal findings and regulatory assessment in the ongoing City Hotel probe.<\/p>\n<p style=\"text-align: justify;\">Earlier, CDS and Clearing Limited had informed the CIB that City Hotel\u2019s promoter shares and public shares appeared to have been mixed within the same trading system. The report also stated that the company used a single ISIN code even though promoter and public shares are required to have separate ISIN classifications. Additionally, promoter shares that were still under lock-in period were allegedly traded in the market.<\/p>\n<p style=\"text-align: justify;\">The preliminary findings have raised concerns that promoter shares may have been traded as regular public shares, potentially affecting market pricing and misleading investors about the true nature of the transactions.<\/p>\n<p style=\"text-align: justify;\">The case has sparked wider concerns about Nepal\u2019s capital market regulation system, the process of share classification, and the effectiveness of regulatory oversight agencies.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Banking Khabar \/ The controversial capital market case involving Golyan Group-backed City Hotel Limited share controversy has taken a new turn, with Nepal\u2019s securities regulator now formally drawn into the investigation. Sources say Nepal Police\u2019s Central Investigation Bureau (CIB), which is probing suspected irregularities in the trading of promoter shares linked to City Hotel Limited, [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":1931,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[9,1],"tags":[],"class_list":["post-1930","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-special","category-uncategorized"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v25.8 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>New Twist in the City Hotel Case: CIB Sends Letter to SEBON - Bankingkhabar<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/english.bankingkhabar.com\/?p=1930\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"New Twist in the City Hotel Case: CIB Sends Letter to SEBON - Bankingkhabar\" \/>\n<meta property=\"og:description\" content=\"Banking Khabar \/ The controversial capital market case involving Golyan Group-backed City Hotel Limited share controversy has taken a new turn, with Nepal\u2019s securities regulator now formally drawn into the investigation. 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