Nepal Investment Mega Bank CEO Jyotiprakash Pandey Arrested
Summary
Nepal Investment Mega Bank CEO Jyotiprakash Pandey was arrested by police in Sarlahi on charges of fraud and criminal breach of trust related to the mismanagement of Smart Telecom assets and financial misconduct involving 400 million rupees.
Key Points
- Jyotiprakash Pandey, CEO of Nepal Investment Mega Bank, has been arrested for fraud and criminal breach of trust.
- Pandey was taken into custody during a vehicle check on Madan Bhandari Highway in Sarlahi.
- Investigation centers on the mismanagement and auction of Smart Telecom Pvt. Ltd. assets after its license was canceled.
- Legal proceedings are ongoing under the Muluki Criminal Code against Pandey for financial misappropriation involving 400 million rupees.
