Man jailed for financial fraud
June 20, 2019, 10:05 p.m.
Kathmandu, June 20 . A man who had cheated customers after establishing financial cooperatives in Chabahil, Kathmandu has been sentenced to jail. A resident of Kathmandu metropolis-7, Roshan Shrestha was sentenced by High Court Patan to two years in jail, along with a fine of Rs. 846,000.
He was sent to jail today, according to Central Investigation Bureau of Nepal Police. The verdict had been announced three years ago but Shrestha was at large.
Police arrested him on Wednesday from Kupandole of Lalitpur and sent him to prison, according to Superintendent of Police at the CIB, Dipak Regmi. Shrestha and his accomplices had set up the Shine Savings and Credit Cooperatives Limited in Chabahil and shut it down after collecting Rs. 3.3 million from the depositors.
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