(1) If the executive director is informed that he has taken any action that is detrimental to the fund or has acted contrary to the policy instructions of the committee, the committee will form an inquiry committee consisting of three members from among the members of the committee to investigate the matter. .
(2) The investigation committee according to sub-rule (1) may make the necessary investigation by bringing the executive director, employees of the fund and related persons before it in the course of the investigation.
(3) The inquiry committee shall submit the inquiry report with its opinion after the completion of the inquiry.
(4) According to sub-rule (3), if it appears from the investigation report submitted by the investigation committee that the executive director has taken any actions that are harmful to the fund or has acted contrary to the policy instructions of the committee, the committee shall give a notice giving reasonable time to explain the reasons and grounds before removing the executive director from the position. If the executive director does not submit any explanation within that period or if the explanation submitted by him is not satisfactory, the committee may remove the executive director from his position.
(5) After the investigation committee has been formed to investigate the allegations against the executive director in accordance with this rule, until the investigation work is completed, if the committee feels that it would be against the interest of the fund if the executive director performs his official duties, the committee shall prohibit the executive director from conducting official business transactions.
(6) If it is proved that the executive director has knowingly caused damage to the fund, such damage shall be recovered from him in accordance with the prevailing law.