KATHMANDU, April 21: The Central Investigation Bureau (CIB) of Nepal Police has launched an investigation into banking offenses involving pro-monarchist Durga Prasai, after the Nepal Rastra Bank (NRB) identified irregularities in loans taken by firms associated with him.
According to a CIB official, the bureau initiated the probe after obtaining an arrest warrant from the district court.
Revised interest rate corridor system introduced
Prasai, known for his controversial involvement in medical business, has taken large sums in loans to run his enterprises. He has frequently drawn criticism for failing to repay bank loans.
Following a preliminary investigation, the NRB handed over the case to CIB for further action. Prasai is currently in custody at the Kathmandu District Police Office after being arrested in connection with the violent protests that broke out in Tinkune on March 28.
