Nepal Life Insurance Company has issued a formal clarification rejecting media reports that alleged the misuse of Rs. 370 million from its subsidiary for share purchases.

In a press statement released on Chaitra 19, the company stated that the claims circulating in certain media outlets are misleading and not based on factual information. It categorically denied any involvement with individuals mentioned in the reports, including shareholder Deepak Bhatta of Himalayan Reinsurance, as well as any dealings with Bhirkuti Stock Broker in relation to the alleged transactions.

The insurer emphasized that all its operations are conducted in full compliance with prevailing laws, regulatory frameworks, and principles of corporate governance. It reiterated its commitment to maintaining transparency and accountability in its financial dealings.

Nepal Life further urged stakeholders, investors, and the general public not to rely on unverified or misleading information that could distort market perception and investor confidence.

The clarification comes at a time when regulatory scrutiny and market sensitivity toward financial disclosures remain high, making corporate communication and transparency critical for maintaining trust in Nepal’s financial sector.