Arrest warrant issued for Prabhu Bank CEO Suman Sharma and three others in fraud case, now absconding
An arrest warrant has been issued against Prabhu Bank's Chief Executive Officer (CEO) Suman Sharma and three others on charges of fraud and criminal breach of trust. The case, filed by Anjali International at the Parsa District Court, names Sharma along with three former Sunrise Bank employees as defendants. Sharma fled after learning of the arrest plan.
Kathmandu — An arrest warrant has been issued against Prabhu Bank's Chief Executive Officer (CEO) Suman Sharma and three others on charges of fraud and criminal breach of trust. Sharma has gone absconding after the warrant was issued.
Police had planned to arrest him on Wednesday. However, after learning of the arrest plan, he fled. It is reported that he fled after having the bank's Human Resources department write a force leave email.
In the case filed by Anjali International at the Parsa District Court, the then CEO of Sunrise Bank and three employees have been named as defendants. The case has been filed against then Sunrise Deputy Manager Kedar Singh, Senior Officer Subodh Joshi, and Deputy Manager Rabindra K.C., who was working in credit administration.
The charge sheet states that although a loan of Rs 38.994 million was approved by the then Sunrise Bank, the debt was not recovered even after auctioning the collateral.