June 10: The police have arrested eight individuals, including then chairman of Century Commercial Bank, Rajesh Shrestha, as part of an investigation into a fraud case.
According to the Central Investigation Bureau (CIB) of Nepal Police, Sunil Kumar Neupane, Professor Dr. Geeta Pradhan, Ramesh Kumar Niraula, Ran Bahadur Shrestha, Rajesh Kumar Dali, Umakumari Shrestha, and Shivagopal Risal were arrested along with Shrestha.
Previously, the former Chief Executive Officer (CEO) of Century Bank, Manoj Neupane, and Tulsi Gautam, among other employees, were arrested on charges of providing excessive loans against poor mortgages. They were released on March 1.Currently, Century Bank has merged with Prabhu Bank.