Thursday, November 21st, 2024

Banking fraud convict Thapa arrested after a decade


11 February 2024  

Time taken to read : 2 Minute


  • A
  • A
  • A

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

Today’s news in a nutshell

KATHMANDU: Khabarhub brings you a glimpse of major developments of

People’s representatives should be responsible for public service: Prachanda

DAMAULI: CPN (Maoist Centre) Chairperson and former Prime Minister Pushpa

Minister Yadav directs smooth distribution of Melamchi Water in Kathmandu

KATHMANDU: Minister for Water Supply, Pradip Yadav, has instructed daily

NC to discuss current economic situation and way forward

KATHMANDU: The Nepali Congress is to hold a discussion on

Private medical colleges, govt. hospitals directed to make service fees public

KATHMANDU: The Ministry of Health and Population has asked the