Bank fraud convict nabbed

KATHMANDU: An absconding woman, convicted of a bank forgery case around 16 months ago, has been nabbed from the Capital on Tuesday.

Shobha Shrestha (42), the then Accounts Officer of the Capital Merchant Banking and Finance Limited, was arrested from New Baneshwor of the Capital by a team deployed from the Central Investigation Bureau of Nepal Police.

The Patan Appellate Court in May 2014 had convicted Shrestha among others in a fraud case and slapped Rs 220,000 fine and one year and nine month imprisonment.

She was prosecuted as per the Banking Offence and Punishment Act, 2008 for submitting a wrong report for issuance of a loan.

Meanwhile, the CIB produced the convict before the Kathmandu District Court for execution of the sentence. The Court sent her to the Jagannathdewal Prison.

Police have already arrested four persons in connection to the case and they are doing their time currently.