December 9: The Central Investigation Bureau of Nepal Police has arrested Kamalnath Subedi, the then Chief Executive Officer of Kuber Merchant Finance Limited, Gyaneshwor on the charge of banking fraud.
He has been accused of indulging in the embezzlement of at least Rs 6.8 million while selling land and house deposited as collateral for loan. He was arrested from Gyanehswor Wednesday. The police have been making preparations for filing a case under the Banking Offense and Punishment Act, 2008 against Subedi. RSS
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