Prabhu Bank CEO Ashok Sherchan released
Summary
Prabhu Bank CEO Ashok Sherchan was released after being detained on charges of misappropriating bank savings due to lack of evidence and health reasons, with conditions to remain available for investigation.
Key Points
- Prabhu Bank CEO Ashok Sherchan was released by government attorney’s office due to lack of evidence and health concerns.
- Sherchan was arrested along with other bank officials on charges of misappropriating bank savings.
- Investigators had previously raided Prabhu Bank's central office and seized key documents related to the case.
- Prabhu Group chairman and former UML lawmaker Deviprakash Bhattachan was also arrested in connection with the investigation.
