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CIB arrests 13 staffs of NCC bank for financial irregularities

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KATHMANDU — Central Investigation Bureau (CIB) of Nepal Police has raided Nepal Credit and Commerce (NCC) Bank on Friday and arrested 13 staffers including the board members for their alleged involvement in financial irregularities.

CIB has arrested NCC’s board members Bishnu Rijal, Dittha Bahadur Tamang and Durga Dutta Joshi among other 10 people for misappropriating Rs 1.56 billion, according to CIB Chief DIGP Pushkar Karki.

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They were arrested for further investigation after Nepal Rastra Bank complained about financial embezzlement,according to sources.

Concluding that around Rs 2 billion was embezzled, Nepal Rastra Bank asked the Bureau to look into the case. The Central Bank has accused the NCC Bank’s board members of disbursing loans by exceeding the value of collateral.

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176 trafficked Nepalis rescued from Indo-Myanmar border

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KATHMANDU — At least 176 Nepali men and women, who were being trafficked into Myanmar, have been rescued by Manipur police and activists from different parts of Manipur, a northeastern state of India, in the last two days.

On their second day of rescue operation, the Tengnoupal police have rescued atleast 20 Nepalis including 5 women and 15 men, from a Hotel in Moreh town,Imphal Free Press, an English-language daily published from Manipur has reported.

The Moreh police have rescued as many as 60 nationals of Nepal including 45 women and 15 men.

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Earlier, over 105 Nepali women were rescued from Moreh and Imphal, the report stated.

The police team have also arrested the main suspect in the trafficking case identified as Madan Kumar Kharel, 52, Hailing from 07 Prithvinagar, Jhapa, Nepal.

The accused is reportedly responsible for bringing 20 of the 40 Nepali girls who were rescued from Moreh on Friday.

Meanwhile, Police also rescued 51 Nepalis from Imphal including 38 women and 13 men during Saturday rescue operations.

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