Is this the guy from Travel house nepal? I thought I saw him at the ANA.
KATHMANDU, SEP 28 - Former Chairman of Nepal Share Market and Finance Yogendra Prasad Shrestha, who was accused of misappropriating over a huge scale of funds, has been arrested. He was accused of embezzling Rs 2 billion in Nepal Share Markets and Finance.
Shrestha was arrested from his hideout in India and has already been brought to the Capital, police said.
The authorities had issued arrest warrants in the name of Shrestha and his family members. But his family members are at large.
A Nepal Rastra Bank (NRB) probe committee had found him guilty of misappropriating a huge fund.
The NRB had earlier recommended the Finance Ministry to penalise Shrestha and his family members involved in the misappropriation under the Banking Offence and Punishment Act.
According to the existing law, Shrestha could be slapped up to 5 years of jail sentence.
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