Ram Janaki Health Foundation Chairman Om Prasad Pandey Arrested for Loan Misuse
Summary
Om Prasad Pandey, Chairman of Ram Janaki Health Foundation, was arrested by Nepal Police's CIB for misusing loans from Prabhu Bank through shell companies, violating the Banking Offenses and Punishment Act.
Key Points
- Om Prasad Pandey, Chairman of Ram Janaki Health Foundation, was arrested for loan misuse.
- Pandey set up a shell company named 'Institute of Agriculture Forest and Veterinary Sciences Private Limited'.
- He obtained loans from Prabhu Bank Limited without a detailed project report and misused them.
- The arrest followed a warrant issued by Patan High Court and was executed by the Central Investigation Bureau in Dhanusha.
