CIB arrests Prabhu Bank remittance chief Sujin Shakya
Summary
CIB arrested Sujin Shakya, head of remittance at Prabhu Bank, for alleged banking offenses involving misuse of funds and causing losses to the bank. Investigation includes CEO Ashok Sherchan and former lawmaker Deviprakash Bhattachan.
Key Points
- CIB arrested Sujin Shakya, head of remittance division at Prabhu Bank, based on an arrest warrant from Patan High Court.
- Shakya is suspected of facilitating improper use of funds after remittance operations were suspended, violating Nepal Rastra Bank directives.
- The alleged misconduct caused losses of Rs893,19,986 to Prabhu Bank, with pre-funding misuse causing over Rs1 billion in additional losses.
- Investigation also includes Prabhu Bank CEO Ashok Sherchan and former lawmaker Deviprakash Bhattachan, with inquiries ongoing.
