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Sexagenarian man held for banking crime


 |  Kathmandu

(Image for Representation)

Nepal Police has arrested a person convicted of banking offence and a fine of Rs 90 million 706 thousand and 378.

The Central Investigation Bureau (CIB) of Nepal Police apprehended 67-year-old Ram Bhakta Thapa of Panauti Municipality-6, Kavrepalanchok in this connection and paraded him before the media on Sunday.

Bureau's Superintendent Hobindra Bogati said Thapa was held from Koteshwor of Kathmandu. Besides the fine, Thapa has also been sentenced three years in prison.  "It is found through investigation that Thapa had taken loan by influencing officials and employees of Capital Merchant and Finance Company Limited," Bogati said.

It has come to light that Thapa had taken loan producing documents of a fake company called 'Kabhre Broiler Suppliers'. The Then Appellate Court Patan had, on May 12, 2014, convicted Thapa of banking crime and sentenced him three years in prison and a fine equivalent to the amount that he had misappropriated.


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