Friday, November 8th, 2024

Arun Chaudhary arrested after three months of in-depth probe: CIB


02 February 2024  

Time taken to read : 2 Minute


  • A
  • A
  • A

KATHMANDU: The Central Investigation Bureau (CIB) of Nepal Police has claimed that it apprehended three individuals, including businessman Arun Chaudhary, in connection with a case involving a land dispute at Bansbari Leather and Shoes Factory, following an exhaustive three-month investigation.

CIB arrested businessman Arun Chaudhary and the former executive director of Bansbari Leather and Shoes Factory, Anit Narayan Thapa, among others, on Thursday.

The Confederation of Nepali Industries (CNI) expressed concerns over Chaudhary’s arrest, terming it a tragic incident that could discourage industrialists.

However, CIB addressed the arrest during a press conference on Friday, asserting that Arun Chaudhary, along with Anit Narayan Thapa and another individual, was taken into custody following a meticulous investigation.

According to CIB, Anit Thapa and Arun Chaudhary had signed a management agreement for operating the Champion Footwear company, established on August 26, 1986.

The agreement stipulated a 51% share for Arun Chaudhary’s group, 25% for Bansbari, and 24% for the public. However, the agreement was allegedly discarded with the intent of capturing the land.

The footwear company was promptly closed after acquiring the land from Bansbari.

CIB emphasized that the arrest was not arbitrary and was the result of a comprehensive examination of the facts.

Publish Date : 02 February 2024 15:10 PM

Gold price up by Rs 2,000 per tola today

KATHMANDU: The prices of gold and silver saw an increase

Ruling CPN-UML holding Secretariat meeting tomorrow

KATHMANDU: The ruling CPN-UML is holding a meeting of its

Trump names campaign manager as his chief of staff

WASHINGTON DC: US President-elect Donald Trump has named Susie Wiles,

Westerly and local winds impacting today’s weather

KATHMANDU: The country is currently under the influence of westerly

Chhath concludes by offering worship to rising Sun (Pics)

KATHMANDU: The Chhath festival concluded today by offering worship to