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.