Industrialist Golchha arrested in Kathmandu
Summary
Industrialist Shekhar Golchha was arrested in Kathmandu linked to an alleged share trading scheme involving price manipulation and unsettled transactions under investigation by the Securities Board of Nepal.
Key Points
- Industrialist Shekhar Golchha was arrested in Kathmandu on charges related to an alleged share trading scheme.
- Golchha is chairman of Golchha Group and former FNCCI president from 2020 to 2023.
- The Securities Board of Nepal's report links Golchha and others to activities like price manipulation and unsettled share transactions.
- Funds associated with Golchha were reportedly used in share purchases linked to a stockbroker owing him Rs525 million.
