Wednesday, 16th April 2014

Former CEO of Everest Insurance nabbed

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Former Chief Executive Officer (CEO) of Everest Insurance Company Kewal Krishna Shrestha has been arrested by police on charge of embezzling millions of rupees from the company.

A team of Central Investigation Bureau of Nepal Police arrested Shrestha from Satdobato area of Lalitpur on Thursday, Superintendent of Police (SP) Pitamber Adhikari said.

Shrestha, who had been on the run for some time, has been charged of embezzling Rs. 28.9 million from the company.