Central Investigation Bureau

Nepal Police Arrest Over 2,300 Fugitives in Month-Long Drive; Court Withdraws Charges Against RSP President Nepal Police Arrest Over 2,300 Fugitives in Month-Long Drive; Court Withdraws Charges Against RSP President

Nepal Police apprehended 2,319 fugitives involved in various criminal cases during a month-long nationwide operation, recovering over Rs 215 million in fines. Separately, the Kaski District Court ordered the withdrawal of organized crime and money laundering charges against Rastriya Swatantra Party President Rabi Lamichhane and two others, though a cooperative fraud case remains. In Lalitpur, two Indian nationals were arrested for attempting to traffic a minor to India.

3 articles · 4 days ago
NIMB CEO's Arrest Sparks Debate on Bank Collateral Rights and Loan Recovery Laws NIMB CEO's Arrest Sparks Debate on Bank Collateral Rights and Loan Recovery Laws

The arrest and subsequent release of Jyoti Prakash Pandey, CEO of Nepal Investment Mega Bank (NIMB), by the Central Investigation Bureau (CIB) has ignited a debate regarding banks' collateral rights and Nepal's loan recovery laws. Banking professionals express concern that the CIB's actions may intimidate the financial sector, questioning investment security and legal protections for lenders.

3 articles · 6 days ago

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