KATHMANDU, March 15: About 10 bankers, including the former CEO of Century Commercial Bank, who were arrested on charges of lending twice the collateral value, have been released on bail.
According to SP Hobindra Bogati, spokesperson for the Nepal Police Central Investigation Bureau (CIB), the decision to release them on bail was made today.
Century Bank’s former chairman Shrestha arrested
The CIB released them under the condition that they must appear daily, as Nepal Rastra Bank’s expert team continues its investigation.
The individuals released on bail include Tulsi Ram Gautam, the former CEO of Century Bank as well as Manoj Neupane, Sabin Ghimire, Subash Shrestha, Anupama Shrestha, Sunil Basnet, Dilip Baral, Dipesh Pradhan, Rajesh Bhandari and Raman Shrestha, who are currently employed at Prabhu Bank.
