Textile firm owner convicted of banking fraud

KATHMANDU, Sep 23: Central Investigation Bureau (CIB) of Nepal Police has arrested Tulsi Maiya Sulwal (Laghu), proprietor of Indreni Textile Industry, on the charge of banking fraud, forgery and corruption.



 In 1999, Sulwal, a resident of Bhaktapur, had taken a loan of Rs 18,75,000 from the Bhaktapur branch of Agricultural Development Bank by presenting fake property documents with the help of some bank staff. “We have the list of bank staff who helped her to commit the forgery,” said DSP Pitambar Adhikari. [break]



“They will also be arrested soon.” The Bhaktapur District Court has slapped Sulwal with a fine of Rs 18,75,050 and a jail term of two years.

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