SHYAM SHRESTHA OF SAMJHANA FINANCE ARRESTED
ANOTHER FINANCE COMPANY EXECUTIVE ARRESTED
Kathmandu, 5 June: Shyam Shrestha, managing director of troubled Samjhana Finance Bank, was arrested Sunday for allegedly defrauding the finance company of an estimated Rs 3 0million.
Police picked him up from Samakhusi.
Authorities have intensified a drive to nab executives of finance companies for fraudulent activities as customers lose confidence.
Three members-husband,wife and son--of a Shrestha family fled across the open border to India after defrauding NSM Finance Company of millions of rupees.
All three were directors of the company.
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