Businessman Dikshant Baniya Arrested for Misusing Rs 34 Crore Loan Taken in the Name of Bhugarbha Cement
The Central Investigation Bureau (CIB) has arrested businessman Dikshant Baniya on charges of misusing a Rs 34 crore loan obtained from various banks in the name of Bhugarbha Cement Company. Baniya is accused of investing the loan amount in other companies and shares.
Kathmandu — Businessman Dikshant Baniya has been arrested. The Central Investigation Bureau (CIB) of Nepal Police said Baniya was arrested on charges of misusing a Rs 34 crore loan obtained from various banks.
According to the CIB, Baniya was arrested based on a letter from Nepal Rastra Bank. He is accused of investing the loan taken in the name of Bhugarbha Cement Company in other companies and using the loan amount to purchase shares.
A CIB source said that after it was found that Baniya had spent a loan taken from four different banks for one purpose on a different purpose, an investigation into a banking offense case has been initiated against him.