Nepali State to Seize All Relief Funds from Bank Accounts

Perhaps Nepali ‘finance minister’ Ram Mahat has been taking advice from U. S. politician Rahm Emanuel, who said, ‘You never want a serious crisis to go to waste. […] It’s an opportunity to do things you think you could not do before.’
Like seize private bank accounts, for example.
Nepali news source eKantipur writes:
‘The Nepal Rastra Bank (NRB) issued a circular to A, B and C class banks in the country on Thursday afternoon stating that all the amount deposited in them for the purpose of relief for Saturday’s Great Quake will be automatically transferred to the Prime Minister’s Relief Fund.’

This post was published at Coin Telegraph on 2015-05-05.

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