FNCCI ‘to hold fresh election’ for president

- SANJEEV GIRI, Kathmandu
FNCCI ‘to hold fresh election’ for president

Apr 11, 2015-

The Federation of Nepalese Chambers of Commerce and Industry (FNCCI) is expected to go for a fresh election within the next three months to elect a new head after President Pradeep Jung Pandey was jailed over a three decade old corruption case.   

As per the FNCCI statute, a person having faced criminal charge cannot assume the president’s position.  

An executive committee member of the FNCCI said the scheduled meeting of executive committee on Monday is likely to fix the date of election based on inputs from the ongoing annual general meeting (AGM) of the private sector body, which began on Saturday.

A former FNCCI president told Post that parallel efforts are also being made to unanimously elect a new president. However, given the ongoing fraction at FNCCI, chances are slim for the business community to agree on a single name.

Several sources said that an executive committee meeting on Monday is likely to remove President Pandey from his position.

Sources said that the executive committee meeting of the FNCCI on Friday reached an understanding to remove Pandey although its minuting has not been done. They however said that they expect Pandey to resign from his position before the decision is made on Monday.

Kathmandu District Court has jailed Pandey over unfulfilled jail term over a corruption case during the Panchayat era.  

Ever since Pandey’s case was revealed during the election of FNCCI leadership a year ago, the rival faction at the private sector body has been consistently demanding his resignation and even boycotted a number of executive committee meeting before eventually patching up.

However, Pandey being in jail has once again brought the legitimacy of his presidency to fore. In June 1982, the Patan Appellate Court had convicted Pandey

of corruption charge when he was serving as an accountant at

state-owned Water Supply Cooperation and slapped him with a three-year jail term and a fine of Rs 5,000.

“The executive meeting on Friday has decided not to seek any clarification from Pandey but decided to remove him from the position of the president in the next meeting to be held on Monday,” a former FNCCI president, loyal to Pandey, told the Post. “Since he (Pandey) is facing a difficult situation, the FNCCI has decided not to seek any clarification.”

The FNCCI executive committee meeting had a heated discussion over the issue on Friday. The dispute was on whether to ask Pandey for a clarification before the new elections.

According to a FNCCI executive committee member, most of the FNCCI office bearers were of the view that the ongoing volatility at the apex private sector body should be ended by conducting a fresh election at the earliest.


Published: 12-04-2015 10:31

User's Feedback

Click here for your comments

Comment via Facebook

Don't have facebook account? Use this form to comment