Kathmandu. Investments worth nearly 1 billion rupees made by Citizen Investment Fund in various banks have been sunk. According to the investment fund, the investments made in fixed deposits of various banks have sunk.

According to the statistics of the fund, Rs. Last year, there was an investment of 63.5 million rupees in the problematic account. Sobha Shrestha, the commercial director of the fund, said that the amount was trapped after the finance companies invested by the fund went bankrupt due to various reasons. According to the fund, the problem amount has also increased as the interest on the principal amount has increased.

The investment fund has invested more than 2 billion so far. However, after sinking the amount invested in fixed deposits of various finance, the possibility of recovery is low.

According to Kamu Director Shrestha, the fund invested the amount in Himalayan Finance, Crystal Finance, Capital Merchant Bank and Finance and Nepal Share Market Finance. However, since those companies could not be operational due to various reasons, the amount of the fund was also lost, she said. He says that the possibility of returning the amount is low.

Kamu director Shrestha said that although there is a small hope that the investment of the three institutions will return, the investment in the fixed deposit of Himalayan Finance has sunk.