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KIST bank ex-CEO Gyanwali arrested

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KATHMANDU — Nepal police have arrested a CEO of then KIST Bank, Kamal Gyanwali on Friday morning.

Gyanwali was arrested from Mahendranagar and he will be presented to the court at 10:00 am, according to Metropolitan Crime Division.

The Patan appellate court, on September 20, 2016, had sentenced Gyanwali for four-year jail term and 40.5 million charges for banking fraud. Since then he was at large.

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The Nepal Rastra Bank (NRB) had found that Kamal, who was a shareholder at Siddartha Development Bank, used his personal influence while taking out the loan on his wife Gauri Khanal Gyanwali’s name keeping an undervalued land as collateral.

As per an investigation Mrs Gyanwali caused Siddartha Development Bank to suffer losses while taking a loan of Rs 130 million.

Then Gauri was detained by the police in connection to a banking fraud charges on June 5, 2013.

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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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