Former DDC Managing Director Among 8 Arrested Over Alleged Rs 12 Million Financial Loss
The Central Investigation Bureau (CIB) has arrested eight people, including former Managing Director Sanjiv Jha of the state-owned Dairy Development Corporation (DDC), on charges of causing a financial loss of over Rs 12.13 million to the institution. Investigation has been launched under criminal breach of trust and organized crime laws.
The Central Investigation Bureau (CIB) has arrested eight people, including the former Managing Director of the state-owned Dairy Development Corporation (DDC), on charges of causing tens of millions of rupees in financial losses to the institution.
A complaint filed with the CIB alleged that the then Managing Director and employees, in collusion, unlawfully extracted financial benefits and caused serious harm to the DDC. Preliminary investigations revealed a premeditated plan and collusion involving the then Managing Director, senior administrative officials, cold storage chiefs, and employees, according to the Bureau.
According to the CIB, they formed various groups under the cover of an organized network and directly caused financial damage to the institution. Preliminary findings confirm that Rs 12,134,530 was illegally obtained through this scheme.
Superintendent of Police Yogendra Kumar Khadka, Deputy Spokesperson and Information Officer at the CIB, provided this information in a press release issued on Friday.
Those Arrested
- Sanjiv Jha (45, Sarlahi) – Former Managing Director; currently Head of Administration and Management Department, Lainchaur, Kathmandu
- Bijay Kumar Yadav (46, Siraha) – Former In-charge of Simle Cold Storage; currently Junior Technical Assistant, Kathmandu Milk Distribution Project, Balaju
- Manhari Sharma (55, Parbat) – Former In-charge of Bhaktapur Cold Storage; currently Junior Technical Assistant, Central Office, Lainchaur
- Ramkewal Ray (49, Sarlahi) – Former In-charge of Chanauli Cold Storage; currently Junior Technical Assistant, Kathmandu Milk Distribution Project Collection Center
- Jitendra Kumar Yadav (28, Sarlahi) – Employee in the Bharpai position, Bagmati Milk Powder Factory, Hetauda
- Navin Ray Yadav (32, Sarlahi) – Employee in the Dairy Boy position; In-charge of Nawalpur/Garuda Cold Storage
- Shiva Nandan Ray (46, Sarlahi) – Daily wage employee, Madi Cold Storage
- Bikha Bahadur Bhandari (48, Sindhupalchok) – Junior Technical Assistant; In-charge of Madi Cold Storage
Investigation Under Two Laws
Preliminary investigations found that they committed offenses under the Muluki Criminal Code, 2074 (criminal breach of trust) and the Organized Crime Prevention Act, 2070, leading to their arrest, according to the CIB.