KATHMANDU: Businessperson and former president of the Federation of Nepalese Chambers of Commerce and Industry, Shekhar Golchha, has been arrested by police.
A team from the Central Investigation Bureau Nepal Police (CIB) detained him from the Naxal area in Kathmandu.
According to police, the arrest was made based on an investigation report by the Securities Board of Nepal into a controversial share transaction case linked to Deepak Bhatta.
Authorities suspect that billions of rupees were misappropriated through the disputed share dealings. The arrest comes a day after the resignation of former Home Minister Sudhan Gurung.
The government claims that at least five others are also involved in the case.
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