CIB arrests one more person in connection with HyperFund scam

Published On: June 13, 2024 08:40 PM NPT By: Republica  | @RepublicaNepal

KATHMANDU, June 13: The Central Investigation Bureau (CIB) of Nepal Police has arrested one more person over his alleged connection with the HyperFund scam to which Nepalis at home and abroad have allegedly lost millions of rupees. 

According to CIB Spokesperson and Information Officer, Superintendent of Police Hobindra Bogati, the second person arrested over the scam is Srikant Bhandari and he was apprehended from Rukum on Wednesday. 

Earlier, the CIB apprehended one Nanu Ghimire aka Kajal from Lalitpur over the alleged involvement in duping Nepalis in the scam. To date, the CIB has received complaints from 56 people of fraud over Rs 79.5 million through the scam.

As the CIB says, it has been preparing to issue a red corner notice through Interpol against those against whom complaints have been filed by the alleged victims. 

The CIB has appealed to those being victimized by the scam to register complaints. It has also provided an online space for the registration of such complaints. One can visit the official website of CIB and lodge a complaint via the Gmail ID ( or ) that is featured on its site.


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