Three individuals, including the former CEO of Karnali Development Bank, have been arrested by police in connection with a loan embezzlement and financial irregularity case.
Three Arrested in Nepalgunj
The District Police Office, Banke arrested three people on Friday from Nepalgunj. The arrested individuals are the troubled Karnali Development Bank’s former Chief Executive Officer (CEO) Neeraj Bikram Shah, his wife Shubhechha Shrestha, and the former branch manager of Nepalgunj branch Deepa Thapa.
According to the police, they was arrested for further investigation regarding banking offenses and financial irregularities in the bank. They are currently in police custody for the investigation process.
Rs 3 Arba 20 Crore Embezzlement Case
A case has already been registered at the Commercial Bench of Tulsipur High Court in Nepalgunj. The court case is about embezzlement and financial irregularities of more than Rs 3 Arba 20 Crore in Karnali Development Bank.
In this big scam case, total of 109 people have been made defendants by the authorities.
AI Disclaimer: This article was originally published on https://bajarkochirfar.com. It has been translated with the help of AI. For the best understanding and accurate facts, we recommend reading the original Nepali version.
