Jigme Namgyal and Ugyen Lhamo were called on October 30, 2022, which was a Sunday, for a Management Committee hearing chaired by Chief Executive Officer. The show-cause notice letters were served to all four employees, and they had already responded. During the meeting, the CEOmade a remark about "Approaching His Majesty The King for Kidu to reopen the case for re-litigation." After that, both Jigme Namgyal and Ugyen Lhamo were informed that they were suspended and that the letters to that effect would be served later.
This webpage is created with the sole purpose of shedding light on the experiences of four unfortunate employees named by RICBL.
It is not intended to undermine or challenge the decisions of the Hon'ble Courts but rather aims to explore how the institution they served for 16 years may have shifted responsibility in the context of a Loan Default Case from 40+ employees to only 4 employees.
Update: The Hon'ble High Court names four employees after the clarification issued on October 2, 2023.