By Karuna Thapa
Kathmandu, March 24
Malla and Malla Stock Broking Company, a stockbroker, had been sanctioned by the Nepal
Securities Board. The board of directors has taken action against the broker firm, alleging that it has charged stockholders an unnatural interest rate.
The corporation has been determined to be late in paying the amount sold to investors,
according to the board. According to the board, investors were charged up to 18 percent
interest under the pretext of late payment of the purchase price.
After finding that the interest rate was 13 to 18 percent, the board penalized the broker
company Rs 75,000.
