15/07/2025
The government has suspended Sharad Ojha, the Chairperson of the Nepal Insurance Authority (NIA), following serious allegations about his qualifications and conduct.
🧾 Why Was He Suspended?
A cabinet meeting on July 14 formed a three-member probe committee to investigate Ojha’s competency and actions in office. As per the Insurance Act 2079, once such a committee is formed, the chairperson is automatically suspendedduring the investigation.
🔍 The committee is led by former Justice Krishna Giri, with members Kapil Dev Oli and Jiwan Prakash Sitaula—all experienced in law and finance.
Ojha, appointed earlier this year, is facing multiple allegations, including:
🔸 Submitting fake experience certificates to secure the position
🔸 A writ petition filed at the Supreme Court questioning the validity of his documents
🔸 A separate probe by the Commission for the Investigation of Abuse of Authority (CIAA)
Sources suggest that the government is actively considering his removal, depending on the outcome of these investigations.
Under Section 12 of the Insurance Act:
- The government can dismiss the Chairperson for misconduct, incompetence, or dereliction of duty
- But it must first form a three-member probe committee, headed by a retired High Court judge — which has now been done
- The Chairperson is automatically suspended once the investigation begins
📍 Who is Sharad Ojha?
- Hails from Kanchanpur, Sudurpaschim Province
- Has a background in journalism
- His appointment was reportedly backed by NC President Sher Bahadur Deuba