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Man arrested for banking offense

Ragun Khadke, 38, has been arrested after the High Court imposed a fine of Rs 3.6 million and seven days imprisonment on him for violating the Banking Offenses and Punishment Act 2064 BS


Nepalnews
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2022 Mar 23, 16:43, Kathmandu

Police have arrested a fugitive from Bhimsengola in Kathmandu today despite being found guilty of banking offenses and sentenced to millions of rupees in fines and imprisonment.

Ragun Khadke, 38, of Hetauda in Makwanpur and a resident of Kshetrapati in Kathmandu has been arrested after the High Court imposed a fine of Rs 3.6 million and seven days imprisonment on him for violating the Banking Offenses and Punishment Act 2064 BS.

He had given a check to the victim saying that the amount would be paid from the account of Mahalakshmi Development Bank of New Road. The court had imposed the fine and imprisonment last year on the ground that the check could not be paid due to fraudulent payment of checks to Jaherwala knowingly that there was not enough balance in the bank account.

He was arrested from Bhimsengola in Kathmandu today by a team deployed to search for the absconding defendants. Bureau spokesperson Shyam Kumar Mahato informed that the verdict has been submitted to the Kathmandu District Court today.

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