Kathmandu. Former Chief Executive Officer (CEO) of Nepal Micro Insurance Company Mrigendra Nath Rimal has been arrested. The Central Investigation Bureau (CIB) of Nepal Police arrested him from Sifal of Kathmandu Metropolitan City-7.

Rimal was arrested while absconding in cases under the Insurance Act, 2079 and Securities Act, 2063, according to police.

According to the CIB, Rimal was absconding after the incident.