Sunday, December 1, 2013

CIB nabs NIDC Capital Market former executive, staff

The Central Investigation Bureau (CIB) has arrested former management officials and borrower of NIDC Capital Market for embezzlement of deposit.
The CIB arrested former chief executive Khum Bahadur Hira Singh Rana, loan manager Meena Shrestha, loan access consultant Pramod Bahadur Thapa and the borrower Ratna Kumar Gautam.
They have been arrested from various places on different dates, the CIB said, adding that they have misued their rights and floated loan on low quality collateral.

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