CIB apprehends Prabhu Bank CEO Ashok Sherchan
Summary
The Central Investigation Bureau arrested Ashok Sherchan, CEO of Prabhu Bank, in connection with a major fraud investigation involving Prabhu Group.
Key Points
- CIB arrested Ashok Sherchan, CEO of Prabhu Bank, on suspicion of involvement in fraud.
- The arrest is part of an investigation into a Rs980 million fraud case involving Prabhu Group.
- Previously, Prabhu Group chairman Deviprakash Bhattachan was also arrested related to the case.
- The investigation includes review of financial transactions and internal management documents.
