KATHMANDU: Nepal Police Central Investigation Bureau has arrested thirteen bankers including former chief executive officer Bishnu Prasad Dhital of the then Apex Development Bank for indulging in unethical loan releases.

According to the police, arrests were made after the accused released loans amounting Rs 1.50 billion through forged loanee documents, inadequate collateral and other illegal means from Apex Development Bank's Durbarmarg, Lokanthali, Itahari, Surkhet and Nepalgunj branches.

Moreover, the accused are said to be involved in fraudulent transactions during post-merger integration between Nepal Credit and Commerce Bank and Apex Development Bank.

Charges against the accused have been filed as per the Banking Offence and Punishment Act, 2064 and an investigation is underway, police said.