KATHMANDU, Dec 30: The Central Investigation Bureau (CIB) of Nepal Police in the first four months of the current fiscal year arrested 33 individuals accused of the banking frauds.
According to the CIB, the number of individuals grilled on the charge during the period is neck-to-neck with the figure of the entire period of the last fiscal year. In 2020/21, the CIB arrested 36 individuals for financial frauds and filed cases seeking to recover Rs 7.73 billion from the accused.
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As of mid-November this year, 25 men and eight women have been charged with financial frauds, embezzling Rs 5.99 billion in total. Of the amount, a case worth Rs 5.77 billion was filed against Civil Cooperative alone.
The CIB records show that in the past one decade, it arrested 277 people found guilty under the financial frauds amounting Rs 22.70 billion.
