Shankar Group Chairman Shankarlal Agrawal has been arrested by the Central Investigation Bureau in a banking offense case.
Shankar Group Chairman Arrested in Kathmandu
Shankarlal Agrawal, who is chairman of Shankar Group and a well-known businessman, has been arrested over a banking offense case. Central Investigation Bureau (CIB) of Nepal Police arrested him on Wednesday from Dillibazar in Kathmandu.
Case Pending in Patan High Court
According to CIB, Agrawal was on run and was declared absconding in the banking offense case. The loan misuse case that was investigated against him is currently pending at Patan High Court.
CIB mentioned that after his arrest, Agrawal will be presented before Patan High Court for necessary legal process.
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