Maoist backer buys Siddhartha Hospital

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Jul 8, 2008, 1:45:02 AM7/8/08
to The Himalayan Times
Leading commercial banks are weighing a Maoist-backed proposal for a
consortium financing of Siddhartha Hospital, which has been named
Janamaitri Hospital after a Maoist supporter — Dr Rabindra Rajbhandari
— bought it.

Himalayan Bank, Nabil Bank, Nepal Investment Bank, Bank of Kathmandu,
Laxmi Bank, Sunrise Bank, NIC Bank, Kumari Bank and Machhapuchhre Bank
yesterday had a crucial meeting at the Himalayan Bank to discuss the
proposal by Dr Rajbhandari.

The Hospital has a liability of over Rs 300 million.

"We are studying the proposal and if it’s feasible, we’ll lend," Chief
Executive Officer of the Himalayan Bank Ashoke Rana said.

Read More: http://epaper.thehimalayantimes.com/default.aspx?selPg=268&page=08_07_2008_001.jpg&ed=473&BMode=100&artHigh=15
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