Fugitive former finance executive arrested over banking offence
Summary
Police have arrested Yogendra Prasad Shrestha, a former finance executive sentenced to six years in prison and fined over Rs 226 million for banking offences in Nepal.
Key Points
- Yogendra Prasad Shrestha, former executive chairman of Nepal Share Markets and Finance Limited, was arrested on Sunday in Kathmandu.
- He was convicted for irregular and illegal banking activities harming depositors and financial institutions.
- The Supreme Court sentenced him to six years imprisonment and fines totaling Rs 226.74 million in two separate cases.
- The Central Investigation Bureau arrested him from Sitapaila, Nagarjun Municipality, and he has been presented to Kathmandu District Court.
