KATHMANDU: Police arrested Bishnu Bahadur Chhetri and Krishna Bahadur Khatri, respectively Managing Director and Training Director of the Unity Life International.

A red corner notice was also issued against Chhetri brothers, the permanent residents of Dadakharka VDC in Parbat district, for their involvement in the fraud networking business via their company.

Nepal Police said that the two were arrested this morning from Gaddachauki, an Indo-Nepal border area, near Mahendranagar in Kanchanpur district. Police paraded the two by organising a news conference in the Capital after bringing them to Kathmanmdu from Dhangadhi.

Additional Inspector General of Nepal Police, Bigyan Raj Sharma, said that the two collected nearly Rs 3.8 billion from 366,342 persons from different districts by offering false promises without taking approval from the Nepal Rastra Bank and other regulatory bodies.

The District Court, Lalitpur, had slapped a three-year jail term and Rs 12.6 million in fine to each of them around five years ago.