Kathmandu, September 22
The Central Investigation Bureau of Nepal Police arrested 11 persons for their alleged involvement in a banking offence case. The suspects also include a former chief executive officer of Bank of Kathmandu, Ajaya Shrestha.
They have been accused of issuing a loan on the basis of ‘fake collateral’ and forging documents to facilitate the illegal transaction.
The debtors in cahoots with the bank staff created a false land registration certification and submitted it as a collateral to acquire the loan, preliminary CIB investigations have released.
Other arrestees are debtor Surendra Shrestha and bank staffers Sushma Shah, Bikram Panta, Kiran Bohora, Richa Shrestha and Pushpa Raj Bhandari. They were arrested from different places on different dates recently, police inform.
