KATHMANDU: Nepal Police has arrested an individual in connection with alleged financial irregularities at the state-owned Dairy Development Corporation (DDC).
The Central Investigation Bureau (CIB) of Nepal Police arrested Nabin Kishore Sharma, chief of the corporation’s Biratnagar Milk Distribution Project, on charges of involvement in financial irregularities and organised crime.
According to the bureau, the arrest of Sharma, 45, a resident of Sarlahi, was made public today.
CIB spokesperson Senior Superintendent of Police Anupam Shumsher Rana said Sharma was arrested following allegations that the corporation had suffered substantial financial losses due to the illegal financial benefits obtained through the involvement of the then general manager and senior officials.
The bureau’s preliminary investigation has revealed that the corporation’s then general manager, senior administrative officials, the head of the humidity centre and other employees allegedly formed different groups and colluded to cause financial losses to the corporation through an organised network.
According to the CIB, the preliminary investigation has estimated that the corporation suffered financial losses amounting to Rs 121.343 million, with the same amount allegedly obtained as illegal financial benefits.
Spokesperson Rana said Sharma is being investigated under the National Penal (Code) Act, 2017 (2074 BS), and the Organised Crime Prevention Act, 2013 (2070 BS). The bureau said Sharma was arrested after obtaining an arrest warrant from the Kathmandu District Court. Police have so far arrested eight people for investigation in connection with the case.
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