CIB Arrests Bank Employees on Forgery Charge

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CIB Arrests Bank Employees on Forgery Charge

September 23:  The Central Investigation Bureau of Nepal Police has arrested 11 people, including the former CEO of Bank of Kathmandu, on the charge of forgery. They have been accused of providing loan on the basis of forged documents.

Surendra Shrestha, who took Rs 50 million loan from the bank by keeping forged documents of a land as collateral some four years ago is the main accused in the case. Shrestha was arrested one and a half months ago.

According to CIB Spokesperson SP Bel Bahadur Pandey, others arrested in the case include the bank’s former CEO Ajaya Shrestha and staff Sushma Shah, Bikram Panta, Kiran Bohora, Richa Shrestha, Pushparaj Bhandari. However, Bhesraj Khatri, the bank official who evaluated the land, is still at large. The CIB said that they are searching for the accused.

The CIB has been interrogating the former CEO due to the fraudulent activity of the valuator.

Spokesperson Pandey said that they will file a case under banking offence after all the accused are nabbed.

A source at the bank informed New Business Age that the former CEO and other staff were dragged into the case due to the wrongdoing of the valuator and the debtor.

The bank itself had requested the CIB to investigate the case some two months ago after they found that the land documents were forged while trying to auction the land to recover the debt.