Former CEO Upasana Poudel Released on Bail
Summary
Former Himalayan Reinsurance CEO Upasana Poudel has been released on bail of Rs 1.4 million in a case involving alleged embezzlement of Rs 38.2 million through a fake company called Trust Insurance Broker. Police have also named businessman Sulabh Agarwal among eight defendants in the case.
Key Points
- Former Himalayan Reinsurance CEO Upasana Poudel was released on bail of Rs 1.4 million ordered by the Kathmandu District Court.
- The Central Investigation Bureau arrested her and filed an insurance-related case against eight people.
- Police say Rs 38.2 million was embezzled through a fake company named Trust Insurance Broker by routing business commissions through it.
- Businessman Sulabh Agarwal is also a defendant and is already in jail in a separate money laundering case.
