Jewelers sent to judicial custody for financial fraud

Published On: August 14, 2018 07:42 AM NPT By: Amar Khadka

ITAHARI, Aug 14: The District Court Sunsari has sent three members of a family running jewelry business to judicial custody on financial fraud charges.

According to Nawaraj Acharya, an official at the court, they were sent to judicial custody on charges of defrauding the public by illegally collecting deposits, assuring them to give high interest rates. 

Krishna Bahadur Biswokarma, proprietor of Singhadevi Jewelers based in Itahari-10, his son Dipak Biswokarma, daughter Site Biswokarma, and another Kula Bahadur Biswokarma, resident of the same area, have been sent to the custody on financial offence.

The court has sought bail amount of Rs 1.5 million from the four accused on financial fraud charges. The government prosecuted them on defrauding more than Rs 180 million from the public. 

Acharya said that the four accused were sent to judicial custody on two cases of unauthorized financial transactions. 

Dipak is the main accused in the case. Kamal Biswokarma, another accused, is still at large. A total of 221 cases were filed against the main accused Deepak on fraud charges.

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