KATHMANDU, AUGUST 14
Nepal Police has been able to arrest a person, who was on the wanted list for banking fraud and document forgery after Interpol brought him out from his hideout in Portugal.
Police have arrested Kedar Dhungana, 43, who was sentenced to 10- year imprisonment and charged a fine of Rs 700,000 in 10 separate cases by Kathmandu District Court on 4 January 2021. He was accused of creating fake government documents, and taking vehicle loan from a bank worth over Rs 20.71 million. Dhungana and his 12 accomplices had taken much of the loan amount from different branch offices of Dev Development Bank in Kathmandu and in Lalitpur.
The bank came to know about the fraud only after Dhungana did not pay interest on the loan amount taken in 2018. When the bank tired to auction the vehicles Dhungana had bought with the loan amount, the bank came to know that…