FNCCI removes Pandey from president’s post

  • Fresh election on July 3; efforts underway for electing new president unanimously
- POST REPORT, Kathmandu
FNCCI removes Pandey from president’s post

May 27, 2015-

An executive committee meeting of the Federation of Nepalese Chambers of Commerce and Industry (FNCCI) on Wednesday removed Pradeep Jung Pandey from the post of president and announced a new election on July 3.

The FNCCI has been stumbling without its head after its President Pradeep Jung Pandey was arrested on March 18 and was jailed by Kathmandu District Court over an unfulfilled jail term in a Panchayat-era corruption case.

In June 1982, the Patan Appellate Court had convicted Pandey of corruption charges when he was serving as an accountant at state-owned Water Supply Cooperation and had slapped him with a three-year jail term and a fine of Rs 5,000.

“As per the FNCCI statute, the executive committee has announced the date for a fresh election,” said Pashupati Murarka, officiating president of the FNCCI.

Officials at the business body said efforts are underway to elect a new president unanimously.

FNCCI has been in turmoil ever since Pandey’s election as president in April last year.

The business community had vertically split over Pandey’s legitimacy after the case of unfulfilled jail-term was revealed. The FNCCI statute bars anyone facing criminal charges from holding the president’s post.

The rival faction at the private sector body had consistently demanded Pandey’s resignation and even boycotted a number of executive committee meetings before eventually patching up to stop further divide. But the court’s decision created a new situation.

“The basic process of selecting a president is voting, but considering the current business and economic scenario of the country after the April 25 earthquake, we are in favour of electing the head unanimously,” said Dinesh Shrestha, vice president (commodity) of the FNCCI.

“As the FNCCI needs a dynamic leader in such a critical time, we are making efforts to forge consensus for electing the chief unanimously,” said Shrestha  Murarka is optimistic the executive committee would recommend a single name.

“So far, we are optimistic the business community will agree on a single name,” said Murarka. The FNCCI has a network of 96 district and municipal chambers, 91 commodity associations and 635 associate members.

If they go for election, representatives from various districts and municipalities, commodity associations and associate members will vote for the president.

As per the FNCCI statute, district chambers hold 50 percent weightage, while associate members hold 30 percent and commodities associations have 20 percent weightage in the vote.

Published: 28-05-2015 07:22

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