Nepal Police has arrested a person convicted of a banking offense and imposed a fine of Rs 90 million, 706 thousand, and 378. The Central Investigation Bureau (CIB) of Nepal Police apprehended 67-year-old Ram Bhakta Thapa of Panauti Municipality-6, Kavrepalanchok, in this connection and paraded him before the media on Sunday.

The Bureau’s Superintendent, Hobindra Bogati, said Thapa was held in Koteshwor, Kathmandu. Besides the fine, Thapa has also been sentenced to three years in prison. “It was found through investigation that Thapa had taken a loan by influencing officials and employees of Capital Merchant and Finance Company Limited,” Bogati said.

It has come to light that Thapa has taken loan-producing documents from a fake company called ‘Kabhre Broiler Suppliers’. Then Appellate Court Patan had, on May 12, 2014, convicted Thapa of banking crimes and sentenced him to three years in prison and a fine equivalent to the amount that he had misappropriated.