Saturday, December 20th, 2025

Banking fraud convict Thapa arrested after a decade



KATHMANDU: Police have arrested a person evading arrest in a banking fraud case for about ten years.

According to SSP Nawaraj Adhikari, 67-year-old Ram Bhakta Thapa from Panauti Municipality-6, Kavrepalanchok, was apprehended in Koteshwor on Friday.

Thapa was accused of committing banking fraud by influencing the officials and employees of Capital Merchant and Finance Company Limited.

In this case, he was sentenced to a fine of Rs 90,706,278 and three years in prison by the Patan High Court on May 12, 2014. Subsequently, Thapa had been on the run.

Thapa allegedly misused a loan of NPR 85,000,000 taken for his company, Kavre Broilers Suppliers, from Capital Merchant and Finance Company Limited while collaborating with officials and staff.

He prepared fraudulent documents through Kavre Broiler Suppliers, a company he was associated with.

The case was initially filed by the Nepal Rastra Bank (NRB) against Thapa.

Following the misuse of the loan, the NRB filed a case against him.

Thapa was presented in the Kathmandu District Court on Sunday.

Publish Date : 11 February 2024 16:25 PM

Nepal–China joint security patrol conducted in Korala border area

KATHMANDU: A joint Nepal–China security patrol was conducted on Friday

Bagmati Province Assembly meeting likely in Jan

KATHMANDU: The Bagmati Province government has begun preparations to convene

Bidya Devi Bhandari expresses confidence in UML’s new leadership elected from 11th General Convention

KATHMANDU: Former President and former Vice-Chairperson of CPN-UML, Bidya Devi

68 inmates who escaped Tanahun Prison during Gen-Z movement still at large

KATHMANDU: A total of 68 inmates who escaped from Tanahun

Nepal Rastra Bank to invest Rs 1.2 billion in banks and financial institutions

KATHMANDU: Nepal Rastra Bank (NRB) has announced plans to invest